ISO, Verisk Analytics business, announced this week that its new coverage and exclusion options for commercial drones took effect this month in most ISO jurisdictions, providing insurers with tools to help develop innovative solutions for businesses that may use drones.
The new options, effective June 1, address the growing liability exposures of commercial drones, which have already developed a wide range of potential and reported uses, including package delivery, crop protection and aerial photography.
The options modify coverage under ISO’s Commercial General Liability and Commercial Liability Umbrella/Excess programs.
Six core options are available under each program (three optional exclusions and three limited-coverage endorsements) and can be used to address a number of potential exposures with respect to bodily injury, property damage and other potential liability related to drones.
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