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Commercial UAV Insurance Rates

Discussion in 'General Discussion' started by UAV Insurance, Jul 7, 2016.

  1. UAV Insurance

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    Hello,

    For those of you that have your FAA 333 Exemption, or plan on flying commercially under the Part 107 rules, I have summarized liability only rates for commercial UAV insurance from an aviation specific insurance company, United States Specialty Insurance Company (USSIC). USSIC is currently not offering "hull" (physical damage to the UAVs themselves) coverage for UAVs. However, there are a couple other companies that are offering hull coverage at this time. If you are getting charged more than this for liability only coverage, your broker is adding additional fees in order to pad their bottom line. I just wanted to give curious pilots a general idea of the cost of commercial UAV insurance.

    Liability Only Rates From USSIC

    1st UAV Unit

    $500,000 (Liability Only) - $595 Total Annual Premium
    $1,000,000 (Liability Only) - $995 Total Annual Premium
    $2,000,000 (Liability Only) - $1350 Total Annual Premium
    $3,000,000 (Liability Only) - $2500 Total Annual Premium
    $5,000,000 (Liability Only) - $3750 Total Annual Premium


    2nd UAV Unit

    $500,000 (Liability Only) - $350 Total Annual Premium
    $1,000,000 (Liability Only) - $695 Total Annual Premium
    $2,000,000 (Liability Only) - $945 Total Annual Premium
    $3,000,000 (Liability Only) - $1750 Total Annual Premium
    $5,000,000 (Liability Only) - $2625 Total Annual Premium


    3rd UAV Unit

    $500,000 (Liability Only) - $295 Total Annual Premium
    $1,000,000 (Liability Only) - $395 Total Annual Premium
    $2,000,000 (Liability Only) - $540 Total Annual Premium
    $3,000,000 (Liability Only) - $1000 Total Annual Premium
    $5,000,000 (Liability Only) - $1500 Total Annual Premium


    4th UAV Unit

    $500,000 (Liability Only) - No Charge
    $1,000,000 (Liability Only) - $295 Total Annual Premium
    $2,000,000 (Liability Only) - $405 Total Annual Premium
    $3,000,000 (Liability Only) - $750 Total Annual Premium
    $5,000,000 (Liability Only) - $1125 Total Annual Premium


    5th UAV Unit

    No Charge


    Sincerely,

    Joe Ernster

    Bullock Agency, Inc
    1433 Lancaster Ave
    St. Charles, IL 60174
    Office- 630-377-9499
    Cell- 630-864-7979
    Fax- 866-871-0375
    Email- joe@bullockagency.com
    www.BullockAgency.com
     
  2. 0ldsc00ld0g

    Joined:
    Jun 29, 2016
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    Canada only. This is who I have my insurance with. Hooked me up in a few days. 1,000,000 (Liability Only) $734.95 CND tax in.
    Air 1 Insurance Services Ltd.
    163– 18799AirportWay
    Pitt Meadows, BC, V3Y2B4

    888-917-1177
    www.air1insurance.com

    Caleb Winterburn, CAIB
    Insurance Specialist
    E-Mail:calebw@air1insurance.com
     
  3. Air One

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