Why Commercial Drone Insurance? Because of All the Risks

So many trades are using drones as a tool for commercial growth and service. Drones are often referred to as Unmanned Aerial Vehicles (UAV’s), as well as Remotely Piloted Aerial Systems. These unmanned aircraft are used for military defense, firefighting, picture and image taking, surveillance, communication, agriculture, and delivery of food, medicine and other purposes. As of recent years, the commercial interest in drone use is rising.

Although there are so many benefits drones can provide to the business and nonprofit communities, the risks are undeniably there. The insurance industry has mapped out coverage for the main exposures that include:

• physical damage

• general liability

• aviation commercial general liability

• non-owned aviation liability

Some of the leading risks involved in drone usage involve the following:

• A drone crash or collision with a human-operated aircraft in mid-air

• Damage that result from a collision with foreign objects, like flying birds, trees, utility poles, higher buildings

• When a drone loses control as a result of system malfunction, flying out of the signal range, or flying in a location without communication

• Malicious acts that target critical infrastructure and cause related losses and damages

• Cyberattacks, including spoofing or hacking utilized radio signals so that drone comes down or is in control of the hacker or for the purpose of stealing data

• Battery power disruption

• Privacy, trespass and nuisance infringement as laid down by the Federal Aviation Administration on behalf of the public

• When piloting and operating skills are not up to safety and efficiency par

Protective drone insurance coverage is now available for the following industries that are listed below:

• Agriculture, Farming

• Construction, Renovations

• General Contractors

• Hospitality (hotels, motels, inns, etc)

• Private Investigators

• Home Inspectors

• Manufacturers of Drones and Associated Products

• Photographers

• Real Estate

• Schools and Colleges

• Parties and Special Events

• Drone Educators and Training Providers, Flight Schools, Universities, Colleges

• Drone Suppliers and Distributors

• Drone Repair and Service Centers

Insurance assessment is generally based upon a number of variables, such as:

• Drone value, as well as its accompanying equipment

• Distance and flight capabilities

• Drone flying airspace

• Storage site

• Type of cargo

• Drone features

• Specified design of operations

For more on commercial drone insurance, contact an experienced independent agent. Through his or her wide network of underwriters, he or she will be able to pinpoint individual exposure and customize a comprehensive business plan that will shield you and your company from related perils and hazards – at competitively lowest rates.

Commercial Landscaping Ideas For Your Local Business

Do you own or operate a local business? Are you fed up with your outdated or ugly looking commercial landscape design? Here we will look at some great ideas to improve, update, and capitalize on your landscaping to improve your relationship with the community, clients, and potential customers. It is no mystery that local businesses can suffer if they have an unprofessional look or atmosphere by an outdated lawn, walkway, or lighting fixture. Let’s see some ideas.

1. New Walkway Pavers

Having a clean and inviting walkway can be one of the make or break reasons a person will enter your business. If the stones are old and cracked or the pathway is simply blocked by obstacles and overgrown, you will be hard pressed to win any business over based on looks alone. This can be a huge factor in gaining and keeping new business down the road, after all, a first impression is extremely important to someone looking to buy goods or services.

2. Commercial Lighting

Not only is the path and landscape important, but also any lighting fixtures or systems you have incorporated into your landscape as well. Many businesses are open early in the morning or at night when it is dark out, and by having a professionally installed and maintained commercial lighting, you’re able to show customers the way no matter the time of day.

3. Lawn and Garden Maintenance

Here is where you can start to get pretty creative regarding your commercial landscape design. Have a local expert plant trees, bushes, shrubs, and flowers to really enhance your commercial space. Everyone can appreciate a well designed and maintained yard and garden at home, and at your place of business is no different. Take the time and plan a new theme or design and contact a local landscaping service to see what sort of options are available to you, no matter the time of year.

No matter what design or method you choose to update your commercial landscape design, be sure to conduct your own research independently into the wide range of themes, styles, and even companies to utilize in your local area. With even just a few minutes of research you can ensure you work with a reputable company and see the best commercial design on your budget.

summary: Commercial Landscape design can make or break any business. Here we look at several options to improve your businesses outdoor decor.

Risk Management and Your Commercial Insurance Policy

Looking for a way to save on your business insurance policy? Commercial institutions that are proactive about risk management face less exposure risks in terms of losses, damages and the liability for them. Moreover, insurance companies are more prone to offer savings and discounts to those companies and non-profits that are involved in risk control.

Before implementing risk control, however, it is extremely important to know the basic risk-management principles that include the following:

1. Never risk anything more than you can afford to lay bare. In the event a given loss would cripple your company, don’t accept the risk. Rather, transfer that risk to someone else.

2. Never risk too much for an excessively low return. To understand the point, here’s an example: by accepting a higher level of deductible on your auto insurance coverage, you may receive only minimal premium savings.

3. Understand the odds of a loss. If the potential for a given loss seems remote, it stands to reason that you may be able to address the exposure a different way than if the potential is more common.

In short, it is necessary for you to comprehend how much money, time and equipment is actually at risk. Only then can you determine if you can afford to assume the risk of losses yourself or transfer it to somebody else. And then you must make it a priority to understand where frequent or serious losses are more apt to come from – and address them accordingly.

Once you have understood this, choose form these four risk management methods:

• Eliminate the exposure. Stopping the sale or distribution of alcoholic beverages in your social hall is an easy way to eliminate your liquor law liability exposure.

• Take on the risk yourself. Insurance deductibles are the perfect example of assuming risk. If you don’t believe you will have a frequency of losses or if your company has enough financial backup, you may wish to assume a larger deductible – like $1,000 or $2,500 as opposed to a $250 deductible.

• Reduce your exposure to risk. You can do this, for example, by using a spotter whenever possible. This will not eliminate the chances of an accident. However, it will reduce the likelihood.

• Transfer risks. If a risk exposure cannot be reduced or eliminated and assuming it is too risky, then you should transfer the exposure to a 3rd party. While it’s true that insurance is the most common method of transfer of risk, it is by no means the only one. A different method that is commonly used is a hold-harmless agreement or an indemnification clause found in a contract.

To understand more on the topic, contact an experienced independent insurance agency that deals with the leading companies in the industry.