Flock appointed as BIBA drone scheme supplier – Drones Information
The British Insurance Brokers’ Association (BIBA) has launched a new member drone program with specialist broker Flock that provides easily accessible and flexible coverage for commercial drones such as unmanned aerial vehicles (UAV) and electric vertical take-off and landing (eVTOL). Plane.
The new system will be signed by leading aviation insurers with A + capacity and global coverage so that BIBA members can easily access coverage for small businesses, global operators and large fleets.
Goldman Sachs estimates the commercial drone industry is now worth around £ 78 billion and Flock has quickly established itself as a leading insurance specialist in this area. It has made over a million offers and now insures some of the world’s largest fleets, including Skyports, Terra Drone and Sky Futures.
Cover includes hull, equipment and cargo up to £ 1.5m, up to £ 50m for public liability and beyond line of sight (BVLOS). Flock also has the option to create custom insurance policies for specific use cases including drone deliveries, drone swarm shows, and offshore operations.
Mike Hallam, Head of Technical Services at BIBA, said, “We are excited to offer this new program to members. Flock has proven expertise in this area from which members who require access to this particular class of insurance, both regularly and once, will benefit greatly. Flock will simplify the process for members to mitigate risk and provide comprehensive and competitive coverage. “
Ed Leon Klinger, CEO of Flock, said, “The commercial drone industry is growing at a remarkable rate and it is important that drone operators of all sizes have access to fair, flexible and transparent insurance policies.
“We are excited to bring Flock’s market leading products to thousands of brokers across the country through the new BIBA drone program. By working with Flock, brokers can now take advantage of automated tying, comprehensive damage support and the insights of a UAV specialist. “
Brokers can also benefit from Flock’s UAV specialists who provide insight into customer needs. You will also receive extensive support and advocacy for claims as well as your own brand portal to simplify and streamline the quotation and retention process.
The system fully complies with EU regulation EC785 / 2004 and meets the insurance requirements of the civil aviation authority and other regional aviation authorities for commercial UAV operators.
Please see the Commercial Drone Insurance Scheme page for more information.