ADU 01209: What is the Best and Most Affordable Insurance for My Drone Business?

Drone Insurance Recommendations - Listen Now to Mitigate Risk, and Protect Yourself Against Liabilities Today's show is about drone insurance. Buying the right insurance is important for mitigating risk and protecting yourself against personal liabilities. On today's show, we have Nolan and Chris who need help with purchasing the right insurance for their drone business. Some of the topics that we cover on today's show: What is the advantage of buying whole insurance? Should you cover your drone under your homeowner's policy? Can you still claim damages if you hack your drone? And so much more... Do not miss this show. Enjoy! Get Your Biggest and Most Common Drone Certificate Questions Answered by Downloading this FREE Part 107 PDF Make sure to get yourself the all-new Drone U landing pad! Get your questions answered: https://thedroneu.com/. If you enjoy the show, the #1 thing you can do to help us out is to subscribe to it on iTunes. Can we ask you to do that for us real quick? While you’re there, leave us a 5-star review, if you’re inclined to do so. Thanks! https://itunes.apple.com/us/podcast/ask-drone-u/id967352832. Become a Drone U Member. Access to over 30 courses, great resources, and our incredible community. Follow Us Site – https://thedroneu.com/ Facebook – https://www.facebook.com/droneu Instagram – https://instagram.com/thedroneu/ Twitter – https://twitter.com/thedroneu YouTube – https://www.youtube.com/c/droneu Timestamps [01:11] Don't forget to check out our drone insurance guide [03:05] Today's question is about buying the best and most affordable drone insurance [04:44] Will going through a broker prove to be beneficial for you? [06:45] Important topics that we cover in today's show [09:23] What are the benefits of buying whole insurance? [12:31] Back to the basics - what is general liability insurance? [14:13] Mitigating risk and personal liabilities [15:13] Why it's better to purchase a separate homeowner's policy [17:50] How do insurance companies calculate coverage [20:15] Is it mandatory to buy a worker's compensation policy if you're hiring contractors? [23:58] Are drones covered under a blanket coverage policy? [24:48] Is DJI Care Refresh a good option for you? [27:08] Staying compliant [29:58] Is your drone still covered if you hack it?