Drone Cover Now Available with Resilium
Commercial use of Drones or Unmanned Aerial Vehicles are rapidly becoming commonplace for many industries and we believe customers should be able use the new technology available as a tool to improve business efficiency with some certainty of cover under their public & products liability policy.
For this reason, Resilium will now provide our Authorised Representatives with the “Aircraft, Watercraft Endorsement” (Drone endorsement) for the standalone liability policy effective immediately.
What does the Endorsement Cover?
Currently, the “Drone” Endorsement provides coverage for incidental usage only, such as carrying out a task incidental to the insured’s business in a more efficient or safer manner. Examples include mineral exploration companies using drones for surveying/mapping or utility servicers using drones to inspect power lines.
Cover does not extend to entities who provide drone operator services to customers for reward.
Key elements of cover include:
- Propeller & rotor powered drones for commercial use only where such use is incidental to the Insured’s Business. Insureds whose business is Drone contractor are excluded
- Excluding product liability for drones
- Limiting drone take off weight to 10kg
- Excluding the carrying of payloads (other than fixed cameras, monitoring or surveillance equipment);
- Drones can only be operated in line of sight
- Cover is limited to Australia
- Law enforcement and military use is excluded
The endorsement extending the length of Watercraft covered under the Policy to 15 metres has been incorporated into the Drone endorsement. This removes the requirement to apply both endorsements.
How do I add the Drone endorsement?
The “Drone” endorsement will be applied automatically to all new business and renewals given its inclusion will have no impact to the premium.
Adviser’s will still need to note in their correspondence with the Mid Market Underwriting team that the “Aircraft, Watercraft Endorsement” is required in order to assist in determining the exposure.
