With drones now readily available and inexpensive, more and more people are getting out there and having a go. As long as the flight is for recreational purposes, and not for any commercial gain, all they have to do is observe the standard safe operating conditions (such as operating altitude and distance from other people) - no certification or paperwork is required. Of course, it's a bit different for commercial flights: both the business and the pilot need to be certified.
But that's about to change. From 29 September, new legislation will allow operators of very small (< 2kg) remotely piloted aircraft (drones) to operate without certification - even if the flight is for commercial purposes - as long as the standard safety conditions are observed.
How will this impact business? It’s more likely that more businesses will take advantage of the relaxation of regulations and will begin operating drones themselves. And that means they will need insurance.
LIU's risk engineers are keeping abreast of this fast-developing industry, and our underwriters work closely with them to better understand the risk exposures and controls associated with our clients' drone operations.
Click here to download the Technical Update.
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