Why you should consider selling drone insurance

2nd July 2018

Drones – also referred to as unmanned aerial vehicles (UAVs) - are aircraft maneuvered by remote control. They come in various sizes, ranging from a few centimeters up to 14 meters. Owning a drone comes with many challenges and risks, including flight restrictions, licensing and they have the potential to damage to property and invade people’s privacy.

But that hasn’t put off some tradespeople from making use of them, even though they’ve never needed to in the past.

As roles evolve and drones revolutionise sectors they’ve never serviced before, here’s why you should consider drone insurance as a product in your offering:

  1. Farming

In May this year, Country Living reported that more than 18% of UK agricultural businesses make use of drones. When it comes to servicing the agricultural sector they can take on many tasks including the application of pesticides and fertilizers, checking on herds of cattle, storm tracking and analizing soil samples to mention but a few. According to Country Living, drones used for farming can cost as little as £50, while some more expensive models can cost thousands of pounds.

  1. Builders, surveyors and civil engineers

Drones have the advantage of scaling heights that few can accomplish without some kind of heavy equipment or cost involved. Now, their ability to fly helps those working in the construction and aerial cinematography sectors. If civil engineers need to convince clients to build a certain way because of a panoramic view they can do so. Roof inspections have now become a breeze as there’s no requirement for a ladder or to risk life and limb climbing on top of a building to peruse the roof tiles.

  1. Security

In a world where tightening border control and security is becoming imperative there’s no doubt that drone technology will play a role where humans cannot do so efficiently and timeously. Last month the Transnational Institute, an international research and advocacy institute, reported how the European Border and Coast Guard Agency, also known as Frontex, will test out two military drones for maritime border surveillance in the Mediterranean Sea this year. With the EU tightening its borders in a post-Brexit world there’s no doubt that drone usage will be on the increase in the security and military sector.

  1. Medical

It’s really not such a far-fetched idea anymore – one day drones are going to save people’s lives. Drones could provide much needed First Aid supplies to hikers stranded on a mountain or miners trapped down a shaft. These machines could also deliver that vital EpiPen to a diner suffering an allergic reaction in a restaurant. The possibilities are endless and it’s not beyond the scheme of possibilities that these bots will be on hand faster than your regular ambulance and paramedic.

  1. Making deliveries

Can you think of the number of establishments that make deliveries? There’s restaurants for starters but think of all the other types of companies that make deliveries on a daily basis. This sector has a lot of potential for drones.

And there are major strides being made for delivery drones. For instance, last year Cambridge Consultants said they were shaping the future of deliveries with their precision location and identification technology. Their vision is to make deliveries safely and directly into the the recipient’s hand.
“Drone delivery is fast and ideal for something that is needed immediately. In that case, a consumer wants a delivery directly to them as a person – not to a location,” said Nathan Wrench, head of the industrial and energy business at Cambridge Consultants. “Our DelivAir concept has the potential to revolutionise the delivery process, by removing the address restriction that other drone technologies are limited by. We are taking cloud retail to the next level, delivering out of the clouds and into your hand.”

These are just five sectors that have or will benefit from the introduction of drones and there are set to be many more. Regardless of what sector your clients are in, talk to them about whether they are making use of such technology in their businesses now or in the future – this may take you to servicing a niche you may not have thought of before! For more about how you can develop a scheme to serve a niche market, click here



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