ISO announced Wednesday that its new coverage and exclusion options for commercial drones took effect June 1 in most ISO jurisdictions, providing insurers with tools to help develop innovative solutions for businesses that may use drones.
The new 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, according to a company statement.
“As more businesses introduce drones into their operations, insurers need underwriting tools available to them to address the potential wide range of exposures they’ll likely face,” said Ron Beiderman, vice president of Commercial Lines Coverage Products at ISO Insurance Programs and Analytic Services. “Our new flexible endorsement options can help insurance carriers tailor the coverage to address such exposures in ways that suit their risk tolerance.”