How insurance is adapting to cover emerging technologies
In recent years, drones and robots have revolutionised industries ranging from agriculture and construction to healthcare and home deliveries. With their increasing adoption for both commercial and personal use, these advanced technologies present not only incredible opportunities but also unique risks and challenges. Insurance, as always, is evolving to meet the demands of this new landscape.
The rise of Drones and Robots
Drones have become indispensable tools for businesses, enabling aerial surveys, precision farming, and stunning photography. On the personal front, drones are popular for recreational use, capturing memories from above. Meanwhile, robots are transforming manufacturing processes, assisting in surgery, and even taking on roles in domestic settings, like cleaning and security.
However, alongside their benefits, these technologies pose potential risks such as accidental damage, misuse, privacy breaches, and even injury. Insurers are responding with policies that address these complexities to protect both businesses and individuals.
To keep pace with innovation, insurance providers are offering tailored coverage for drones and robots, including:
Liability Insurance: Covers damage or injury caused by drones or robots, for example, a drone accidentally colliding with a vehicle or a person.
Cybersecurity Protection: Safeguarding against hacking or unauthorised access to robots and drones, particularly for commercial applications. Equipment Coverage: Protecting the technology itself against theft, damage, or loss.
Business Interruption Insurance: Covering losses caused by downtime due to malfunctioning robotics in manufacturing or other industries.
Emerging technologies frequently lead to unexpected insurance claims. Here are a few notable examples whereby the liability insurance covered the damages caused, highlighting the importance of purchasing adequate insurance cover for drones and robots
A drone flown by an amateur enthusiast veered off course and crashed through a restaurant window during a private party.
In a warehouse, a robot accidentally knocked over shelves containing fragile goods, leading to substantial losses.
A delivery drone carrying an expensive parcel was damaged during bad weather, resulting in a claim for both the drone and the parcel’s contents.
Whether you’re a business owner leveraging drones for aerial inspections or a homeowner investing in robotic cleaners, it’s essential to ensure you’re adequately protected. These cutting-edge technologies require customised insurance solutions that traditional policies may not fully cover.
At NLIG, we stay ahead of industry trends and offer tailored insurance for emerging technologies. Our team can help you navigate the complexities of drone and robot insurance, ensuring you’re covered for every eventuality.
If you’re using drones or robots in your business or at home, don’t leave your investment unprotected.
Contact us for a free insurance review today on
📞 01992 703 300
📧 insurance@nlig.co.uk