Property damage to either public or private property.Some of the most common risks for drone pilots include: Whether you fly UAVs for personal, business, or competition, it’s important to be aware of the risks and have sufficient insurance to protect yourself. However, there are risks associated with this popular hobby and sport.Įvery drone pilot, from hobbyists to enthusiasts, runs the risk of having an accident. Statistics on the Risks Associated with Flying Dronesĭrone or UAV piloting is a very popular activity in the United States, with the number of hobbyist drones expected to surpass two million by 2020, and the number of drones in the sky expected to reach more than seven million. It’s wise to choose the best insurance that covers circumstances involving drones, such as the drone insurance available through BWI. Whether your drone is for business or personal use, insuring your UAV will protect you in the event that you damage your drone or it’s payload, or cause bodily injury or property damage to others. If you are a drone enthusiast, or you’ve invested in a high-end drone for your business, Drone insurance is a small but valuable purchase that will help to protect your investment and set you apart from your competitors. However, drones can be an expensive investment that you don’t want to lose. Drone InsuranceĪviation Insurance is not required for flying Unmanned Aerial Vehicles (UAVs), otherwise known as drones, so how do you know whether you need insurance? If you’re simply flying inexpensive drones around your property as a hobby, with or without a camera, in most cases you will not need insurance. At BWI, we can help you determine what type of coverage you need to protect your aircraft, your business and your peace of mind. For that reason, having the right level of aircraft insurance in place is essential for anyone who owns or operates an airplane. That means that they are much more expensive to repair in the event of a loss. This is true: According to the National Safety Council (as quoted in this article on ), Americans have a 1 in 114 chance of dying in an automobile, but only a 1 in 9,821 chance of dying in air and space transport accidents.Īlthough aircraft provide a statistically much less risky way to travel, they are much more expensive than cars. You’ve undoubtedly heard that flying is much safer than driving.
What Are the Risks of Operating an Airplane?
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We insure everything from drones to seaplanes, helicopters, experimental aircraft and jets and commercial aircraft operations.
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At BWI, we also provide insurance policies for those who rent aircraft, use a friend’s or school’s aircraft while learning to fly, own a hangar, or own and operate a high-end drone for professional use. It isn’t just aircraft owners who come to us for aircraft insurance solutions. How Do I Know if I Need Aviation Insurance?
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