ISO is preparing for the potential rise and fall of commercial drones with new inland marine insurance forms that, it said, would help protect businesses from the costs of such potential crashes, including damage to the drones, their equipment, and their cargo.

“Drones are mobile in nature, can be of high value, and contain specialized equipment – making them ideally suited for coverage under commercial inland marine insurance,” said Doug Kahn, the director of commercial property product development for ISO. “The new flexible coverage options can help insurers protect businesses that may face a wide range of drone exposures.”

These options come less than a year after ISO's commercial drone liability coverage and exclusion options took effect in most ISO jurisdictions for ISO's commercial general liability and commercial liability umbrella/excess programs. Options are available to address a number of potential exposures with respect to bodily injury, property damage, and other potential liability related to drones, ISO said.