Acend & Liberty Mutual Offer On-demand Drone Insurance

Acend Inc., an insurance coverage and expertise firm, and Liberty Specialty Markets, a part of Liberty Mutual Insurance Group, are teaming up on a brand new drone insurance coverage platform, DroneInsurance.com. By changing paperwork and complexity with data-driven automation and consumer management, DroneInsurance.com is a platform that makes shopping for drone insurance coverage straightforward to grasp and handy to buy on-line.

“Insurance is complicated for drone operators. Insurance providers rely on historical manned aviation methods to evaluate drone risk. This approach has proven difficult to adapt to the dynamic way drone enterprise works, and places many operators with rigid, complex, and expensive policies,” mentioned Jason Griswold Co-Founder and COO of Acend. “The collaboration with Liberty Specialty Markets empowers us to collectively design innovative drone insurance products as well as have our policies backed by one of the world’s most trusted insurance brands.”

Key parts of the platform:

  • Platform supplies protection for all drone sorts, sensors and gear.
  • Baseline insurance policies for drone belongings on the bottom begin at an inexpensive value.
  • Flight protection could also be bought on-demand to swimsuit the client’s enterprise necessities. Whether prospects require flight protection for someday or for one yr, the on-demand insurance coverage platform supplies customers the management to dial up or down the coverage coverages they want, once they want it.
  • Includes a “Flight Saver” clever system that mechanically seems for and applies reductions to prospects who make use of danger discount strategies equivalent to steady pilot coaching, implementation of security administration and operation of extra dependable gear.
  • A quick and straightforward to make use of claims portal and help heart.
  • An straightforward to make use of doc heart together with the flexibility for a shopper so as to add Additional Insureds.
  • An straightforward to make use of program for brokers.

“At Liberty Specialty Markets, we are always looking to provide risk solutions to our policy holders in new and innovative ways. The rise of drone usage by our customers is expanding rapidly and partnering with Acend makes perfect sense to meet this increasing demand,” mentioned Mike Gosselin, Chief Underwriting Officer, Specialty. “Here we have a chance to match Acend’s market leading technology with innovative insurance products and collectively create a best-in-class solution for the drone market.”

DroneInsurance.com is the primary of a number of on-line merchandise to be launched by Acend, Inc. specializing in the intersection of insurance coverage and autonomous automobiles.

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