Insurance is taking a more important role in the drone industry, as InsurTech and drone insurance companies collaborate with hardware and software providers.
Leading commercial and defense drone systems provider AeroVironment announced a collaboration with REIN’s DroneInsurance.com, a digital drone insurance portal. DroneInsurance.com will offer commercial drone insurance solutions for Aerovironment’s Quantix hybrid drone.
The collaboration indicates the importance of drone insurance to commercial operators. As drone manufacturers compete, ease of use for their platform includes more than just flight operations – an easy option for obtaining commercial insurance is a major benefit to service providers. Through this collaboration, Quantix users will be able to purchase 24/7 ground coverage and flight coverage from DroneInsurance.com.1
The following is from a press release:
Quantix together with the AeroVironment Decision Support System (AV DSS) provides an integrated drone and data analytics ecosystem designed specifically for Precision Agriculture. With one-touch mission planning and launch command, Quantix eliminates the learning curve and can scout up to 400 acres in just 45 minutes, delivering actionable intelligence for today’s growers. For more information visit www.avdroneanalytics.com
“The QuantixTM drone platform and AV DSS is a premium hardware and aerial data analytics solution choice for today’s evolving precision agriculture and aerial mapping workflows,” said REIN President & Co-founder Steve Rabbitt. “Collaborating with AeroVironment on offering dynamic coverage solutions to this enterprise-grade UAV solution will empower more commercial drone operators to not only fly with confidence, but to ensure smarter, and more strategic business decisions every time.”
DroneInsurance.com is an automated platform offering dynamic policy solutions to address the unique risks, pain points, and insurance needs of commercial drone operators. For a monthly amount per drone, businesses can protect their ground operations. Then, operators can purchase flight liability coverage on-demand, for as little as a day, or as long as a year, with a range of limits.
“AeroVironment’s commitment to helping growers gain insights that can improve operational efficiencies, spot crop health issues faster and improve profitability shines through with the Quantix drone and AV DSS analytics platform,” said AeroVironment CEO Wahid Nawabi. “As the needs of our users scale and evolve alongside their operations, we are excited to work with an innovative insurance provider like DroneInsurance.com, whose dynamic offerings match our mission to provide actionable intelligence our customers need to proceed with certainty.”
Beginning today, current and future Quantix owners will now be able to purchase 24/7 ground coverage and usage-based flight coverage at DroneInsurance.com.
1DroneInsurance.com is available throughout the United States except in NY, NJ, KY, IL, WV and MN. Insurance services are provided by Acend Insurance Solutions, LLC (“AIS”), a licensed surplus lines producer in all 50 U.S. States. AIS operates in California under license No. 0L70741.
Additional licensing information is available at DroneInsurance.com.