![]() ![]() ![]() ![]() This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. ![]() This coverage is usually optional, and it really up to you to decide how much of your investment to protect. It protects your drones and equipment from physical damage, loss or theft. Hull coverage is different from 3rd party liability. If you are flying for recreational purposes, this same kind of policy will protect you for 3rd party damage. If you operate professionally (hired by a client to conduct an operation) you want to have 3rd party drone liability because if anything were to happen, you want to make sure everyone around you is protected. If your drone operations are included in your homeowner ’ s policy, or any other plan, you want to make sure it also includes commercial use and not just recreational. This is why an aviation policy is likely needed to supplement other coverages. In fact, damage caused by any type of aircraft, drones included, may be excluded from your business or LLC ’ s general liability policy. Aviation coverage needs are often different from general liability coverage. This type of coverage is going to protect you against accidents caused by your drone operations which result in 3rd party damage. Bodily injury refers to medical expenses and physical accidents, whereas personal injury refers to coverage for libel, slander, or invasion of privacy. Yuval: Good aviation policies offer third party aviation liability which includes property damage, bodily injury, and personal injury pertaining to accidents caused by your drone operations as opposed to everyday accidents. Ultimately, the goal is to have a policy that meets your own business desires and needs but can also be modified on the go to meet clients’ demands as they arise. Finally, being able to make amends in the event of a mishap and being accountable for potential mishaps helps to bolster public perception and promote the entire drone industry. Fourth, it allows you to fly with peace of mind, knowing you are covered if something goes wrong. Third, it mitigates risk and is helpful in obtaining approvals for waivers. Having it in advance saves time and bolsters a company ’ s credibility. As mentioned, most companies that hire DSPs require insurance. Second, it establishes the DSP as a professional. Having insurance on board is the first step to safe operations. Insurance is all about operating safely, which is the primary concern, always. The two main reasons are: (1) getting coverage for one ’ s own sake – one ’ s own business desire or (2) meeting a client ’ s demands. Yuval: There are usually two main reasons people do get coverage and five important considerations why they should. ![]()
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