Drone Insurance - Public Liability

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Price: RM1

Key Features

Drone Insurance Public Liability
Legal Claims (3rd party) Injury / Damage to Property
Premium Payment Options Annual, Monthly
Civil Liability Coverage 5,000,000/-
National Insurance Regulator PIAM

Short Description

Public Liability Coverage:
1. Bodily Injury / Property Damage
2. Invasion of Privacy
3. Noise Liability

Description

A Public Liability policy aims to protect you or your company against any claim for compensation and legal costs you may be legally be liable to pay for bodily injury to anyone (other than employees or contractors under your employ or direction for monetary consideration or in kind) or damage to a third property (other than your own property or property held in trust or on commission) caused by activities of your company.

Example of claims under Public Liability:

1. You or your agents are carrying out a spraying or fumigation job on a plantation using a drone whose owner allows you to do for a payment of fees and your crew accidentally or negligently damages their plantation or any system and causes massive damage to the plantation and items in it.

2. They then ask you to pay for the damage by way of repairs or replacement of damaged items plus loss of income due to closure. The Public Liability will defend you against such a claim if it goes to court or settle out of court the claim made by the owner of the plantation.

You are carrying out a fumigation job on a plantation and a lot of curious workers, or even by standers stand by to watch your drones even though you put a cordon around the place, and they get accidentally sprayed on by the chemicals or the drone crashes into them causing injury or even death to them.

They or their beneficiaries demand compensation from you. The Public Liability Policy will defend you against any legal suit and settle the claim made by them.

In all cases Public Liability policies carry an excess usually in our policy RM1,500 to RM2,500 each and every loss for property damage only.

What this means if there is a property damage claim for RM1,500 and below or whatever is mentioned as excess in the policy you will have to bear it without asking the Insurance company to pay for compensation. However, let’s say the claim was made for RM100, 000 then The Insurance Company will only pay for RM98, 500 and your company will have to bear the excess of RM1, 500.

Locally this applies for property damage only. For bodily Injury, usually our company does not impose an excess although some do. Most overseas policies apply excess across the board i.e., for both bodily injury as well as property damage…

Example of claims under Public Liability:

  • Liability to Employees & Directors anyone engaged for payment of wages
  • Motor Vehicle Liability
  • Product Liability & Errors & Omissions
  • Property in Insured’s ownership, custody, and control
  • Contractual Liability

Introduction To Drone Insurance :

"Unmanned Aerial Vehicle (UAV)/ Drone is being widely used in commercial purposes including Agriculture, Mapping, Filming, Photography and Surveillance to name a few and are using such technology to advance their services."

With the growing demand for the drone services, the main factor to consider is SAFETY of operation and equipment.

The requirement for each operation to have Insurance coverage has become more important and its being recognized both by the Authorities and Client. Service provided also wish to secure their operations and assets (UAV/Drone).

Understand the need to cover the operation and UAV/Drone, we introduce Drone Insurance coverage for ;

  1. Malaysia
  2. Singapore
  3. Indonesia
  4. Thailand
  5. Philippines
  6. Brunei
  7. Sri Lanka
  8. Bangladesh

Choose Your Drone Insurance Coverage
“Mitigate the potential risks and liabilities that you might carry when operating your drone in public space.”

Our collaboration with insurance company as the policy provider, we have all the mechanism in place for a quick and fast application and approval process. Along with MUDAS as the recognized advisor for the UAV/Drone development, requirement in safety and regulation. Our drone insurance is ready to cover your complex operation and advance equipment (UAV/Drone).”

 

Specifications

  • VStream Revolution Sdn Bhd
  • Insurance
  • Annual, Monthly
  • Close Range ( <150 ), Decoy ( < 250 kg ), High Altitude Long Endurance ( <12,000 kg ), Low Altitude Deep Penetration ( <350 kg ), Low Altitude Long Endurance ( < 30 kg ), Medium Altitude Long Endurance ( <1,500 kg ), Medium Range ( <1,250 kg ), Medium Range Endurance ( <1,250 kg ), Micro ( <5 kg ), Mini ( <25 kg), Nano ( <250 gm ), Offensive ( < 250 kg ), Short Range ( <200 kg )
  • 5,000,000.00
  • 5,000,000.00
  • 30
  • 5,000,000.00
  • YES
  • YES
  • YES
  • NO
  • NO
  • NO
  • YES
  • YES
  • YES
  • YES
  • YES
  • NO
  • YES
  • NO
  • NO
  • PIAM
  • 5,000,000.00
  • 5,000,000.00
  • No
  • 5,000,000.00
  • YES
  • Public Liability,
  • YES
  • 2,000.00
  • Required
  • Annual
  • YES
  • NO
  • Annual Insurance, Monthly Insurance
  • Commercial Operations
  • YES
  • YES
  • NO
  • NO
  • 5,000,000.00
  • NO
  • 5,000,000.00
Drone Insurance - Public Liability

Drone Insurance - Public Liability

Price: RM1

Use Cases

  • Spraying/Fumigation on a plantation - Property Damage

    Description

    You or your agents are carrying out a spraying or fumigation job on a plantation using a drone whose owner allows you to do for a payment of fees and your crew accidentally or negligently damages their plantation or any system and causes massive damage to the plantation and items in it.

    View
  • Spraying/Fumigation on a plantation - Injury

    Description

    You are carrying out a fumigation job on a plantation and a lot of curious workers, or even by standers stand by to watch your drones even though you put a cordon around the place, and they get accidentally sprayed on by the chemicals or the drone crashes into them causing injury or even death to them.?

    View

Other Use Cases by the company

  • Drone Crashed due to Strike or Hi-Jack

    Description

    Drone crashed due to strike or Hi-Jack , we cover for the Drone Repair or Total Loss

    View
  • Drone Fly Away due to Technical Error

    Description

    Drone Fly Away due to technical error , we cover for the Total Loss

    View
  • Drone Crashed due to Technical Error

    Description

    Drone crashed due to technical error , we cover for the Drone Repair or Total Loss

    View
  • Drone Crashed by Pilot Error

    Description

    Drone crashed due to mishandling by Pilot, we cover for the Drone Repair or Total Loss

    View
Drone Insurance - Public Liability

Drone Insurance - Public Liability

Price: RM1

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Drone Insurance - Public Liability

Drone Insurance - Public Liability

Price: RM1

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Drone Insurance - Public Liability
Drone Insurance - HULL, SPARE, PAYLOAD

View Contact

VStream Revolution Sdn Bhd

Insurance-Finance

UAS AVIATION INSURANCE

insurance

Construction Real Estate, Drone Delivery, Power Utilities, Forestry Agriculture, Surveillance Mapping, Leisure Hobby, Aerial Photography, Mining Exploration, Education, Security Law Enforcement, Environment Wildlife, Archeology Monuments, Disaster Management First Responders, Infrastructure Transport, Science Research, Others

Malaysia

Brunei Darussalam, India, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand

Safety Management System - Dviation Group DTCN2022010101

VSTREAM REVOLUTION SDN BHD is a drone technology startup that was founded to address the risks associated with drone operation, specifically related to drone crashes and injuries to third parties (human or assets). The company offers drone insurance for drone repair and total loss claims as well as third-party claims. Additionally, VSTREAM REVOLUTION SDN BHD provides drone consultancy services with ready-to-use checklists, operation procedures, operation manuals, permit application services, a

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Drone Insurance - Public Liability
Drone Insurance - Public Liability
Price: RM1
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