“The Moonrock Scheme has been a great success, so opening up the product to other brokers was the natural next step.”
Those were the words of Samantha Newman, regional manager for Hiscox UK and Ireland, when it was announced that Moonrock Insurance will now provide wholesale access to its Hiscox-underwritten drone cover. With the launch, policies are now immediately available to brokers directly from the Hertfordshire-based firm.
“Industries are being revolutionised by the use of drones and, as a result, the market for drone technology is growing exponentially,” noted Newman. “Dangerous and unreliable manual processes are increasingly being replaced with drones and the demand for compulsory insurance for drone pilots is growing in parallel.
“It’s hugely rewarding to be able to offer our product to a wider audience in this rapidly developing market.”
Moonrock rolled out its scheme through Hiscox in February 2016 and now insures approximately 2,000 commercial drone users – providing public liability cover in case of injury to an individual or damage to someone else’s property caused by the drone.
In addition, the policy covers damage to the drone itself or to drone accessories. It also features protection against invasion of privacy, cyber hacking, as well as war, terrorism, hijacking, and confiscation risks.
