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Drones have become a standard tool in many different industries, from construction to film. Despite their relatively small size, though, you still need to be able to cover drone accidents or crashes that could happen.
If you’re looking for UAV insurance for commercial purposes, also named drone business insurance, then, This article will cover the average cost of drone insurance coverage and give you a brief overview of some of the best providers, as well.
Although most drones for photographers and videographers are small, they’re designed to fly high. Even a small 5-pound drone can cause a lot of damage if it drops from high enough in the air. We’re talking about broken windshields, head injuries, or traffic accidents.
Drone liability coverage typically covers the following:
A claim will be filed because you’re negligent or allegedly negligent while operating a drone, which inflicted economic or financial losses to affected parties.
Professional liability insurance for drone operators takes care of this peril. It will help reimburse the losses of aggrieved parties. Moreover, professional liability insurance covers attorney fees, administrative costs, and other legal expenses on your behalf.
Drone public liability insurance is designed to cover your business from any legal actions if it is found liable for any commercial mishaps, including property damage or personal injuries due to your commercial drone’s operation.
Also called on-demand drone liability coverage, one day drone liability insurance provides 24-hour protection against personal injury liability or property damage liability while operating a drone for recreational purposes or commercial purposes. Policy limits of commercial drone insurance for one day differ from carrier to carrier. Hull insurance can be added as additional protection.
Drone hull business insurance is the equivalent of physical damage coverage in commercial auto insurance.
When your drone incurs damage, hull insurance will pay for the repair or replacement of its hull, machinery, or attachments. Labor costs are covered too.
Drone Damage Insurance
Aside from hull insurance, there’s another drone damage insurance available; equipment in transit insurance. Equipment in transit insurance will take care of costs if your drone sustains damage during a trip.
Drone pilot insurance is what many would call workers’ compensation insurance for the self-employed. Workers’ compensation insurance will pay for the following when you sustain a work-related injury or disease:
Drone loss insurance is what many usually call drone theft coverage. Theft coverage is already included in drone hull insurance in most cases.
Nonetheless, there are insurance companies selling this as a stand-alone policy. The job of theft coverage is to cover repair or replacement costs if your drone got lost or sustained damage due to theft.
On demand drone insurance provides coverage for individual flights. This is a great option for pilots who don’t use their drones on a daily basis or only use them for appointments.
The advantage of on-demand coverage is that you can save a lot of money by paying an hourly insurance rate instead of having to pay a set monthly premium. Carriers we recommended for on-demand drone busines insurance are:
It is fairly simple to get cheap drone insurance. That said, here is what you can expect to pay for a standard drone liability insurance and Unmanned Aircraft System, aka UAS insurance coverage.
The average commercial drone liability insurance cost is $50 per month or $600 per year for a $1,000,000 general liability coverage. Keep in mind that this is just an estimate.
The cost of your drone business insurance policy is typically determined by:
Get all the best quotes from leading providers in a click of a button!
CoverWallet’s drone insurance policy provides you with liability coverage and drone hull insurance. This company’s drone hull insurance covers your drone and the equipment with it. CoverWallet’s drone liability insurance takes care of your personal injury, property damage, and fire legal liability.
Best For: Drone insurance quotes comparison online
Average Cost: $41.66/month
Rating: 5/5
What sets Thimble apart from other insurers is that they focus exclusively on providing on-demand drone insurance for individual flights. You’ll be able to fly any drone up to a certain weight limit and receive geolocation-based quotes up to 60 days ahead of your scheduled flight.
Average Cost: $10-$15/month (on-demand insurance)
Rating: 5/5
Everybody knows Geico for the little green Gecko promising affordable insurance rates. They are among the top most-affordable commercial drone insurers. It’s easy to sign up for, you can bundle policies, handle all of your claims and view insurance paperwork through Geico’s easy-to-use app.
Average Cost: $64/month
Rating: 4/5
State Farm has been providing everything from auto and home insurance to commercial construction coverage since 1922, making them one of the oldest insurers in the nation.
Recently, they’ve also developed a reputation for providing reliable drone insurance as well. One of the best things about State Farm is that they have agents located across the nation.
Average Cost: $65/month
Rating: 3.8/5
Although Progressive doesn’t specialize in providing drone insurance, they do offer it. Their commercial drone insurance policies are very similar to their auto policies, and they provide a number of options ranging from drone public liability insurance to crash/hull coverage.
Overall, Progressive offers fair pricing, and you’ll have the ability to bundle your drone policy with other Progressive policies.
Average Cost: $64/month
Rating: 3.8/5
Although you can cover your drone as “personal property” under Allstate, they don’t offer any official commercial drone insurance policies.
This means that you can purchase liability coverage, property damage, or theft coverage, but you won’t be able to find drone flight insurance or hull coverage.
If your drone is just sitting in your garage collecting dust or if you don’t use it often, then Allstate will provide minimal coverage.
Average Cost: $67/month
Rating: 2.5/5
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
2.8 / 10
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
2.8 / 10
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
10 / 10
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
9.4 / 10
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
10 / 10
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
0.6 / 10
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
10 / 10
Hiscox's the best! My business is insured with them for over 12 years and am not planning to switch!
10 / 10
Excellent experience with Hiscox BOP for my coffee shop. They provided all it needed.
10 / 10
My HI barbershop is well covered with their great BOP product for 5 years already! not planning to switch!
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Great experience
6 / 10
Didn't relate to the concept much, but it makes sense if you need insurance to go
0 / 10
It doesn't really feel sustainable to me and doesn't offer business interruption, product liability and commercial property insurance. They have no local agents and despite their technology first approach you cannot file claims online. Additionally, product manufacturers are not covered by Thimble and they don't provide enterprise solutions.
10 / 10
As a contractor that works 3 times a week for a few hours, Thimble gets really handy for me and saves me money. I have no use for these massive business insurance coverages offered by traditional insurance companies.
10 / 10
Excellent concept which is useful to many small businesses!
10 / 10
Been waiting for this type of solution for a long time!
10 / 10
Love their business insurance solutions for freelancers! Great app!
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