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Getting insurance for an aerial-based business in US?

Discussion in 'General Discussion' started by Rothgarr, Sep 19, 2014.

  1. Rothgarr

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    Has anyone in the US tried getting insurance for an aerial-based business? I don't have a business yet, but I was thinking of starting one on the side...

    I've tried a number of agents and after a day or two they all come back saying they don't do that type of insurance.

    I know that commercial remote-controlled photography is a grey area right now in the US so I'm not sure if that has anything to do with it. Given what I've read about some court cases it seems like the precedent would be in my favor for now and I'd like to at least look into it. My accountant went over the business side of things with me and insurance seems to be the thing I'm having the hardest time finding...

    What's your take on insurance and commercial aerial photography in general (in the US). It seems like commercial aerial photography appears in TV shows and commercials and promos everywhere so I imagine people are doing it...
     
  2. Rothgarr

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    Thanks. I just called aerialpak and the liability would cost around $1,400/yr.

    If I'm serious then it seems worth it but it's so expensive compared to car insurance, or even the insurance that my wife has to have for her fitness business.

    At the same time I'd hate to buy the insurance only to have the FAA down everyone after they update their rules...

    Anyone else here running an aerial business in the US? What do you do as far as insurance and the current FAA situation?
     
  3. OI Photography

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    Yeah that's about the going rate for this stuff right now. It's such a new risk group it's going to be costly for a while.

    I carry 2M liability now, and just do my best to stay off the FAA's radar. I believe at least aerialpak will allow you to break the payments into quarters if you don't want to put up a full year at once due to the uncertain future.
     
  4. Xanadu

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    Transport Risk! 1M of liability and 10% deductible for all equipment for a little over $2K
     
  5. Xanadu

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    This is for a dual operator S1000 flying a 5D.
     
  6. Timtro

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    10-4 on the Transport Risk as a source.

    Beyond that, contact Transport Risk for a "discount code" and then use the discount when you take this online course: http://www.unmannedexperts.com/what-we-do/training-courses/online-courses/ which will result in a lower rate when you submit your online training certificate with your request for the insurance quote through Transport Risk.

    Don't count on AMA insurance covering anything except activities at an AMA park or event. If there's a hint of commercial activity the AMA insurance will be a no-go.

    Personal advice, however, get the rate quotes and hold them for a little longer until we see what might unfold from the FAA in the next few weeks.

    More here: http://southernhelicam.com/here-come-the-section-333-exemptions/
     
  7. OI Photography

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    Thanks Tim, that's an excellent read and write-up on the subject. I'm going to share that with the UAV legal news discussion group on FB too.
     
  8. Tashier

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    Any updates on this?
     
  9. Timtro

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    I've heard $1 mill liability is recommended. Comment?