When considering drone business insurance, various factors can influence the cost. These may include the type of drone you operate, its intended use, your level of experience, coverage limits, and the specific risks associated with your operations.
On average, drone business insurance can range from $500 to $2,500 per year, depending on the above factors. Liability coverage is typically included, covering bodily injury and property damage. Additional coverage options may include hull coverage for the drone itself, equipment coverage, and coverage for theft or loss.
To reduce your drone business insurance costs, you can consider measures such as proper pilot training, implementing safety protocols, utilizing risk management strategies, and choosing higher deductibles. These actions can demonstrate to insurers that you are a responsible operator, potentially lowering your premiums.