Programs has launched DroneGuard, its newest insurance solution designed for owners and operators of unmanned aircraft systems (UAS).
Towers Watson unit partnered with the Association for Unmanned Vehicle Systems International (AUVSI) to develop the insurance program for the industry organization’s members.
The product provides a broad range of coverage including protection for physical damage, third-party liability and personal injury, combined with cutting-edge risk management services to enhance AUVSI members’ operations, consumer safety and industry reputation.
“DroneGuard is the result of focused research and development, offering a customized insurance solution for the unmanned aircraft industry,” said Willis
Programs president and CEO Stacy Brown.
“The businesses in this sector vary widely, creating distinct coverage and customer service needs, and we are thrilled to provide new approaches to insuring commercial unmanned systems.”
AUVSI president and CEO Brian Wynne said insurance through DroneGuard is a key component in the industry association’s efforts to promote safe and responsible use of commercial UAS technology.
DroneGuard is underwritten through Global Aerospace, a UK-based provider of aerospace insurance worldwide and a pioneer of insurance solutions for unmanned aircraft systems.
Global Aerospace senior vice president Chris Proudlove said this is the right time to introduce DroneGuard to the US market with the continuing growth of commercial UAS.
“Featuring integrated safety assurance and risk management, DroneGuard will help AUVSI members grow their businesses with the knowledge that they are protected by an insurance program tailored to their exposures,” Proudlove said.