Tips for Shoping Your Drone Insurance

SYKESVILLE, Md. - Sept. 28, 2016 - PRLog -- The Part 107 announcement has come and gone and the process to become a compliant Drone/UAS operator doesn't have the expense and barriers it once did.  Many are now in the development stages to take the opportunity of using a Drone to provide services that will improve efficiency, reduce cost, and improve safety for an endless number of industries.

In forming a business, securing insurance is not only a wise decision to protect the assets of your business and personal life, it may be required by your clients.  I have started several businesses myself.  And prior to entering the insurance business, I thought it was prudent to do my due dilligence and go to numerous agents/brokers to see who could come up with the most cost effective and comprehensive protection program.  I completely understand the thought process in doing ths.  However, this couldn't be further from the truth!  Many outside of the industry aren't aware of how the agent/broker model works.  There are between 5-10 insurance carriers who are currently writing this Drone/UAS Liability and/or Hull coverage.  Some have a background in Aviation and some are adapting a Commercial General Liability policy.  Each insurance carrier assigns the account to the agent/broker who presents the risk first.  I currently work with 3-4 insurance carriers who I feel have the best coverage.  As you can see with 10 options of insurance carriers, many like myself working with multiple, you can limit your broker/agent ability to get you the best program by contacting numerous agents.  Contacting an agent/broker like http://www.americanheritageinsurance.com from the start is vital.  You want someone with expertise and experience and let them "shop" the account.  The process and outcome will be much smoother.