UAV, UAS and Drone Insurance - Unmanned Risk Management
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Transcript of UAV, UAS and Drone Insurance - Unmanned Risk Management
UAS INSURANCE
Unmanned Aircraft Insurance | Basics and procedures
TM
A Transport Risk Management, Inc. Brand
UNMANNED AERIAL SYSTEMS
• What are UAS?
• What are UAS used for?
• Why have UAS become so popular?
• How big is the market?
• What can you insure?
• What is the underwriting criteria?
• What is the process for obtaining quotes?
WHAT ARE UAS?
UAS = UNMANNED AERIAL SYSTEM
An unmanned aerial system is the aircraft combined with a sensor, ground station and controller.
UAV = UNMANNED AERIAL VEHICLE
A UAV is a simple vehicle designed to carry a sensor and to be operated remotely.
WHY HAVE UAS BECOME SO POPULAR?
Drones Can… Help Farmers ...Weave Buildings
...Sell Real Estate...Enable Paparazzi...Make Sports (and Other Events) Look Cool
...Fight Crime
...Guard the Border
...Put Out Wildfires
...Hunt Wild Animals…Save Wild Animals ...Monitor Wildlife
...Deliver Pizza ...Deliver Other Stuff, Too ...Do Journalism ...Inspect Oil Rigs
...Transport Medicine ...Save Lives
...Entertain Nerds
…Mapping and GIS
332.Integration of civil unmanned aircraft systems into national airspace system
(a)Required planning for integration
(1)Comprehensive plan
Not later than 270 days after the date of enactment of this Act, the Secretary of Transportation, in consultation with representatives of the aviation industry, Federal agencies that employ unmanned aircraft systems technology in the national airspace system, and the unmanned aircraft systems industry, shall develop a comprehensive plan to safely accelerate the integration of civil unmanned aircraft systems into the national airspace system
(3)Deadline
The plan required under paragraph (1) shall provide for the safe integration of civil unmanned aircraft systems into the national airspace system as soon as practicable, but not later than September 30, 2015.
The FAA Modernization and Reform Act of 2012
This bill was enacted after being signed by the President on February 14, 2012. The text of the bill below is as of Feb 8, 2012 (Passed Congress/Enrolled Bill).
THE TOTAL DOMESTIC ECONOMIC IMPACT WILL REACH MORE THAN $82.1 BILLION BETWEEN 2015 AND 2025 — CREATING MORE THAN 100,000 HIGH-PAYING JOBS IN THE PROCESS.
GOOGLE BUYS DRONE MAKER TITAN AEROSPACE
"Titan Aerospace and Google share a profound optimism about the potential for technology to improve the world," Google said. "It's still early days, but atmospheric satellites could help bring internet access to millions of people, and help solve other problems, including disaster relief and environmental damage like deforestation."
WHAT CAN YOU INSURE?
Small UAS Large UAS
Multi-Rotor Yes Yes
Single Rotor Yes Yes
Pilot Optional Yes Yes
Fixed Wing Yes Yes
Ducted Fan Yes Yes
UNDERWRITING CONSIDERATIONS
• Make/Model to be operated
• Operator experience• Usage and application• Environment to be
operated• Loss experience• Safety Management
System• Professionalism
Hull Coverage
• Value at risk• Launch/recovery• Overwater operations• Wear & tear and
deterioration• Deductibles • Payload• Accidental damage
War Perils and Other Hazards
• Not just typical war coverage issues
• Malicious damage and sabotage
RISK MITIGATION STRATEGIES
• Operational environment• Safety and risk mitigation
strategies• Public/private events, large
crowds • Contractual language• Distributor and
manufacturer liability coverage
• Typical GL excludes aviation exposures
PERSONAL INJURY AND PRIVACY
• Hot button item• Limited coverage available• Act of overflying UAS vs.
Helicopter• Key elements
• Standard operational procedures
• Protocols• Logbooks• GPS technology – bread
crumbs
Seattle Woman Sees Drone Peeping Into Her Apartment Window
QUESTIONS?