Insurance is essential for running a professional drone operation. Skyward can help you understand how to get coverage for your business at affordable rates.

Skyward partners with the leading UAV/UAS insurance brokers and underwriters in Canada and the United States. Your business can leverage our deep understanding of air safety, UAV field performance, and regulatory requirements to get the best rates and coverage.

Insurance Is a Must for Commercial Drone Ops

UAV insurance covers physical damage of drones and liability arising from the operation of drones. If you or your business operate UAVs, your customers will likely require you to have liability coverage before they hire you.

• Operate professionally • Safeguard your investment & your assets • Protect against liability • Meet investor/shareholder requirements • Mitigate risks • Provide the best service to your clients or customers

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—if you’re flying a $100,000 UAV, you likely want more insurance coverage than if you’re flying a $1500 UAV

Asking your customers or prospective customers about their insurance requirements is a good place to start. Currently, insurance providers are insuring commercial drone companies for up to $500 million in liability and up to $10 million in hull damage. Our partners offer the highest coverage to the most professional operations. Businesses that can’t prove consistent, safe, well-tested operating procedures, policies, and controls aren’t eligible for as much coverage.

Tip: When looking for drone insurance, make sure your provider offers a broad range of coverage so that you can purchase just what you need now and can add more as you grow.

Cost of Commercial UAV Insurance Coverage

According to industry experts, rates currently range from about $900 per drone per year on the low end to $10,000 per drone per year on the high end. Your rates will depend on your situation.

An insurance company determines your rates—and the amount of coverage you can purchase—by a number of factors, including:

The processes & systems you use to manage your drones & pilots
Operating procedures & standards
Documented training
Preflight & safety checklists
Proof of maintenance

Companies that can prove high standards for training, operations, and management will qualify for more coverage at better rates.

Skyward Customers Qualify for Better Rates & Coverage

The best-known insurance carriers and brokers in the UAV industry are already familiar with Skyward’s emphasis on safety, accountability, and professionalism. They know that Skyward customers have taken the extra steps to ensure safe programs and consistent procedures.

The Skyward platform provides access to proven UAV program policies and operating procedures, as well as a system for managing and documenting drones, pilots, training, maintenance, and flights. Plus, our drone airspace map is validated by aviation experts and updates in real time, so you always know where it’s safe to fly.

If you’re ready to apply for insurance now, we recommend visiting Skyward partner Transport Risk Management.

*Skyward does not sell, broker, or underwrite insurance. Everything on our website merely represents our understanding of best practices and the state of the UAV insurance industry. We do not offer legal advice, and we encourage any operator to comply with all state, local, and federal laws.