ISO said it is preparing coverage endorsements for insurers to use for customers using commercial drones. The coverage options should be available by June, 2015.
ISO says the new endorsements address the growing liability exposures of commercial drones for a variety of uses, including for package delivery, crop protection and aerial photography.
The options modify coverage under ISO’s Commercial General Liability and Commercial Liability Umbrella/Excess programs and have been filed on a multi-state basis for a June 2015 implementation.
“Providing a range of options can help an insurer better align its product offerings both with its underwriting tolerance and the needs of its clients,” Ron Beiderman, vice president of Commercial Lines Coverage Products at ISO Insurance Programs and Analytic Services, said in a statement. “Because this is a newly emerging exposure, we introduced various exclusion and coverage options to give insurers maximum flexibility when writing risks that use drones in their operations.”
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