Drone Insurance – How To Save Money On Your Policy & What You Need To Know When Purchasing A UAS Policy with Joe Ernster of Bullock Agency

Show Notes:

Questions-

(1:10) How did you get started in the UAS industry

(2:30) Can you breakdown the different UAS policy options

(4:55) Does speaking in detail about your UAS operation with your insurance broker present an opportunity to help save you money?

(6:30) What do drone pilots need to look out for when dealing with their general insurance company?

(8:30) Tell us why client ask for waiver of subrogation and adding them as an additional insured

(10:15) How easy is it to get those waiver of subrogation and AI additions to your policy?

(10:55) What are the factors that affect the cost of a UAS insurance policy?

(12:30) How much would an average policy be for a single drone operator with 2 drones?

(13:20) Does your experience as a drone pilot effect your insurance premium?

(14:38) What are some additional tips and tricks for drone pilots to save money on their policies?

(16:10) What does the process of filing a UAS claim look like and do you have any suggestions for pilots if/when they have to go through that process?

(18:55) What are you seeing as standard UAS insurance policy limits

(20:10) What are your thoughts on the on-demand drone insurance companies out there?

(24:15) Do you have any final tips for drone pilots out there trying to consider which policy is best for them?

(25:30) Final 3 Rapid Fire

-Craziest client request?

-Most unique place the drone industry has taken you?

-Biggest lesson learned?

What You Will Learn-

(2:45) Difference between liability, hull, payload and other UAS insurance policy options

(5:05) How and why asking questions and having detailed discussions with your insurance broker will save you money

(6:45) What HUGE mistake drone pilots are making when purchasing insurance policies through their general insurance company

(8:35) Why clients ask for waiver of subrogation and to add them as an additional insured. How to present those options to make you look professional to your clients.

(11:00) Which factors affect the cost of a drone insurance policy and which factors have the greatest impact on your insurance premium.

(11:55) How to calculate your expected hull and payload insurance costs depending on the equipment you have

(13:00) Average UAS policy prices for liability, hull, and payload

(13:30) How & why your experience as a drone pilot can affect your insurance premium cost differently depending on the nature of your operations

(14:45) Tips and tricks for drone service providers to save money on their policies

(16:15) Best practices for filing a claim on your UAS insurance policy

(19:15) What the aviation industry standard policy limits are and which industry verticals usually require higher liability limits

(20:20) The drawbacks to using on-demand drone insurance apps

(24:30) Considerations and tips to decide the best UAS policy for you

Links Mentioned-

[email protected]

Bullockagency.com

For more information on the podcast or this episode visit: https://skyelink.org/blog/Harnessing-Aerial-Podcast-Launch