Coverage
Description
The cost of dismantling, reassembling, and transporting drones, as well as the cost of clearing debris
Property loss
Description
To cover direct physical damage to, or loss and/or disappearance of unmanned aerial vehicles and ancillary supporting equipment and facilities, resulting from natural disasters and/or accidental events
The necessary and reasonable expenses paid by the insured to prevent or mitigate the loss of the insured object after an insurance accident occurs
The cost of dismantling, reassembling, and transporting drones, as well as the cost of clearing debris
Liability of onboard personnel: to cover the insured’s legal liability to pay as compensation for bodily injury or death suffered by onboard personnel of unmanned aerial vehicles. The number of personnel on board cannot exceed the maximum number of passengers stated in the policy
Third party liability
Description
To cover the insured’s legal liability to pay as compensation for third-party’s bodily injury and/or property damage caused by accidents during the use and operation of drones
To pay all arbitration or litigation costs, and all other necessary and reasonable expenses and legal costs incurred by the insured with insurer’s prior written consent
Third-party bodily injury or death (excluding third-party property damage) caused by no-fault liability, and compensation for third-party’s death, disability, and medical expenses are explicitly covered in some policies
Premises liability: to cover the insured’s legal liability to pay as compensation for third-party’s bodily injury and/or property damage caused by the insured’s work related to their business or operations
Hangar manager responsibility: destruction or damage to unmanned aerial vehicles under the care, custody, or control of the insured or being maintained, handled, or repaired by the insured
Product liability: to cover the insured’s legal liability to pay compensation for third party bodily injury and/or property loss caused by the production, construction, modification, repair, maintenance, handling, and sale of unmanned aerial vehicle products by the insured
Liability of onboard personnel: to cover the insured’s legal liability to pay as compensation for bodily injury or death suffered by onboard personnel of unmanned aerial vehicles. The number of personnel on board cannot exceed the maximum number of passengers stated in the policy
Personal accident
Personal accident
Description
To provide accident insurance coverage for pilots and passengers
Source: Swiss Re Institute summary of available policies in China