General Star Set to Offer UAS Insurance Policies
General Star, a multipurpose insurance company, will now start offering commercial general liability coverage to UAS manufacturers, distributors and operators. The coverage is specifically for small UAS operating under the Part 107 Rule.
Most of the coverage options range between $1 million and $4 million dollars a year, but there are higher options available as well. Primary coverage limits generally range from $1 million to $2 million dollars, with higher amounts available, and contingent liability coverage for operators flying on behalf of the insured generally range between $2 million to $4 million dollars, with $10 million-plus options available.
“We are pleased to provide our wholesale clients with a policy designed to address the unique hazards and exposures associated with one of today’s top emerging trends — drones,” said underwriter and project leader for General Star Liana Tufariello via a company-issued press release. “The popularity and usage of drones for commercial purposes has exploded, and this is just the type of E&S [excess and surplus] products liability opportunity we are eager to tackle.”
Vice President and Casualty Division Manager Cole Palmer adds, “Innovative offerings on new technology devices, or taking a second look for creative alternatives on traditional exposures, will contribute to the growth goals of both our clients and General Star.”
Both private industry and commercial users of UAS are eligible for these coverages.
