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Willis Programs, a unit of Willis Towers Watson P.L.C., and the Association for Unmanned Vehicle Systems International have partnered to develop DroneGuard, an insurance program for the association's members.
DroneGuard is designed for unmanned system owners and operators, Willis Towers Watson said in a statement Friday. The program provides protection for physical damage, third-party liability and personal injury caused by drones, as well as risk management services to enhance operations and consumer safety for members of the Arlington, Virginia-based unmanned vehicle systems association.
The program is underwritten through Parsippany, New Jersey-based aerospace insurance provider Global Aerospace. Policy limits will be determined on individual account basis by Global Aerospace, according to a Willis Towers Watson spokeswoman.
“We see insurance through DroneGuard as a key component in AUVSI's efforts to promote safe and responsible use of commercial UAS (unmanned aircraft systems) technology,” Brian Wynne, president and CEO of the unmanned vehicle association, said in the statement.
The commercial drone industry has won a doubling of the space in which the unmanned aircraft systems can fly, while proposed rules for flight directly over people are currently under review, but insurance is not among the risk management requirements under federal rules, at least so far.