ISO Introduces Drone Coverage Options for Commercial Inland Marine Market

March 28, 2016

ISO has launched inland marine insurance forms for businesses using commercial drones to protect them from the costs potential crashes, including damage to the drones, their equipment, and their cargo.

The new ISO forms offer underwriting tools to address commercial drones, which have developed a wide range of potential and reported uses, including package delivery, crop protection, and aerial photography. The new coverage options allow for drones to be covered under a stand-alone coverage form or by endorsement to some ISO commercial inland marine classes.

In addition, ISO has introduced an advisory application, sample instructions that provide details on some coverage features of the new ISO forms, general underwriting considerations to help evaluate related property drone risks, and loss control recommendations to aid in the mitigation of potential exposures.

“Drones are mobile in nature, can be of high value, and contain specialized equipment-making them ideally suited for coverage under commercial inland marine insurance,” said Doug Kahn, director of commercial property product development for ISO. “The new flexible coverage options can help insurers protect businesses that may face a wide range of drone exposures.”

These options come less than a year after ISO’s commercial drone liability coverage and exclusion options took effect in most ISO jurisdictions for ISO’s Commercial General Liability and Commercial Liability Umbrella/Excess programs. Options are available to address a number of potential exposures with respect to bodily injury, property damage, and other potential liability related to drones.

Industry professionals looking for more information on drones and related ISO activity should visit ISO’s Emerging Issues Portal.

ISO provides statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services for a range of commercial and personal lines of insurance. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. ISO is a Verisk Analytics business. 

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Latest Comments

  • March 29, 2016 at 10:40 am
    Rosenblatt says:
    Intentionally illegal acts are normally excluded in insurance policies, so generally speaking - no, there won't be coverage in your hypothetical. If the drone was delivering ... read more
  • March 28, 2016 at 2:25 pm
    Agent says:
    Will the coverage extend to drones being shot down for snooping over someone's property?
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