GB44
lvl.4
Flight distance : 343848 ft
United Kingdom
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Jason,
Also expect delays in receiving your CAA approval for commercial operations. You could be looking as long as 65+business days from submission.
In regard to commercial insurance/ public liability, it also depends on what other aircraft and equipment you want insured as part of your overall package to be covered, the value of your total business assets to be insured. Excess is high like Mark states in the first year.
As this becomes more and more available and commercially viable, premiums will hopefully come down, but at the minute there are very few offering cover. Some who have covered aerial work in the past for filming and cinematographers are no longer looking to cover UAVs.
I personally think the costs are way too high compared to other professional premiums and at the minute some key insurers/brokers have got a little monopoly on the market, which is not good for competition and for us generally. I hope this changes in the future with other underwriters providing cover and healthy competition to bring premiums down.
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