Unmanned Aerial Vehicles Drone Insurance Kentucky
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Frequently Asked Questions About
Commercial General Liability Insurance
How much does commercial insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Unmanned Aerial Vehicles Drone Insurance Kentucky
Unmanned Aerial Vehicles Drone Insurance Kentucky Due to technical advancement, the commercial application of drones is becoming more accessible and has turned into a multimillion-dollar industry. Unmanned aerial vehicles (UAVs), or drones, have become complex and highly technical, and you simply can't risk damage or loss.
If you're making money with your UAV, or you plan to in the future, insuring it could save you a lot of money down the line if an accident happens. Getting unmanned aerial vehicles drone insurance Kentucky may also help you close clients. If anything, you've got peace of mind knowing that you're covered in the unlikely event of an accident.
Unmanned aerial vehicles drone insurance Kentucky protects your UAV business from lawsuits with rates as low as $77/mo. Get a fast quote and your certificate of insurance now.
Types Of Unmanned Aerial Vehicles Drone Insurance
As a drone business owner (or someone thinking about opening a small business), your head is probably spinning over the choices when it comes to the types of unmanned aerial vehicles drone insurance Kentucky coverage your company needs. UAV drone insurance offers these important coverages to protect you, your employees and your business:
Commercial General Liability Coverage - This unmanned aerial vehicles drone insurance Kentucky coverage protects your drone business from third-party liability. This includes property damage and bodily injury caused by the drone, premises liability at locations used in connection with scheduled aircraft, as well as medical expenses.
General liability coverage can help pay medical costs and damages if you are found liable after your client or a member of the KY public sustains bodily or property damage arising from drone accidents. This is especially important, if you are going to be filming in an area where there are windows or other fragile obstacles.
Non-Owned UAV Liability Coverage - Non-owned drone insurance provides coverage to companies or individuals that use or hire UAVs that they do not own and that are operated by third parties. These exposures are primarily contingent liabilities where the user does not employ the operator and is not directly involved with the operation and maintenance of the UAV.
Hull Coverage - Accidents can be expensive. Purchase this unmanned aerial vehicles drone insurance Kentucky to cover the theft or damage to the drone and any ground equipment used to operate it, or any electronics or components (payload) carried. Coverage includes:
- Aerial system.
- Remote control.
- Additional equipment (e.g. camera, surveying equipment).
Workers Compensation Insurance - Workers comp is required for any non-owner or partner employees. If any of your employees becomes injured while working for you, or if they become ill due to something that happened at work, you become responsible for them. KY workers comp pays for costly medical care bills.
Business Income Coverage - Covers losses that occur when work is interrupted or your drone business is closed temporarily due to a covered loss. This will pay you a portion of your income for up to 12 months until you are operational again.
Inland Marine - An inland marine policy covers the drone and equipment anywhere in the world (subject to certain excluded territories), including in transit. There is however a policy endorsement that you need to be aware of that imposes some common sense restrictions to make sure that appropriate security measures are in place when you leave the equipment in an unattended vehicle.
Is Drone Insurance Required by Law?
In many parts of the world, commercial drone operators are required to obtain insurance. The FAA does not currently require U.S. operators to be insured to fly a drone for either recreational or non-recreational purposes, but businesses should diligently weigh the potential risks and associated costs when considering unmanned aerial vehicles drone insurance Kentucky coverage. Companies you contract with might require UAV insurance as a condition of doing business.
How Much Does Drone Insurance Cost?
The cost to insure your UAV for commercial use can vary pretty dramatically depending on the type of drone, your intended use, you skill level, and the general locations you will be using the drone.
How Much UAV Insurance Coverage Do You Need?
The amount of coverage that you need depends on a number of factors, including:
- Your Business - some industries, such as film, require higher insurance coverage than others as a matter of course.
- Your Customers - if your customers tend to be major corporations, they may have different insurance requirements than small businesses or sole proprietors.
- Your Assets - how much of a loss could you afford out of pocket if you are underinsured?
What Information About Your UAV Business Do You Need To Provide?
- Physical attributes - including the type and weight, takeoff and landing configurations, control redundancy, overhaul/engine life, operational range, communication links.
- Purpose of use - e.g. power line survey, or power pole inspections
- Primary location of use
- Any restrictions that have been imposed
- Details of the pilot(s) and their aeronautical experience
- Whether any risk/safety management systems are in place
- Details of any past claims
KY Unmanned Aerial Vehicles Drone Insurance
Aviation is a litigious environment. KY drone operators may not consider what they are doing to be dangerous yet they could be exposed to legal action if damage is sustained to property or injury to persons. This is why UAV insurance is so crucial. In the aftermath of an accident, drone operators will greatly benefit from the support of a trusted insurance provider.
Request a Unmanned Aerial Vehicles Drone Insurance Kentucky quote in Alexandria, Ashland, Ashton, Bardstown, Berea, Bowling Green, Burlington, Campbellsville, Covington, Danville, Edgewood, Elizabethtown, Erlanger, Fayette, Florence, Fort Knox, Fort Thomas, Francisville, Frankfort, Franklin, Georgetown, Glasgow, Henderson, Hopkinsville, Independence, Jeffersontown, Lawrenceburg, Lexington, Louisville, Lyndon, Madisonville, Mayfield, Maysville, Middlesborough, Mount Washington, Murray, Newport, Nicholasville, Ownesboro, Paducah, Paris, Radcliff, Richmond, Shelbyville, Shepherdsville, Shively, Somerset, St. Matthews, Versailles, Winchester and all other KY cities. Also see Unmanned Aerial Vehicles Drone Insurance California, Unmanned Aerial Vehicles Drone Insurance New Jersey, Unmanned Aerial Vehicles Drone Insurance Delaware, Unmanned Aerial Vehicles Drone Insurance New York, Unmanned Aerial Vehicles Drone Insurance Pennsylvania