Apollo Expands Drone Product Liability Coverage
Apollo, a leading integrated insurance group, has announced a significant expansion of its offerings by introducing drone product liability coverage. This new coverage is being integrated into Moonrock’s existing binder with Apollo, thereby reinforcing their collaboration in the rapidly evolving drone insurance market.
Martin Jackson, the Class Leader for Aviation at Apollo, expressed enthusiasm about this development, stating: “We’ve officially expanded into drone product manufacturers’ legal liability, securing policies already—with more in the pipeline as our business grows.” He added, “Our strong partnership with Moonrock fuels our momentum, and we’re excited to drive innovation and success in this dynamic market.”
The specialist managing general agent, Moonrock, has meticulously crafted this product liability coverage to cater to the diverse needs of the drone community. With this enhancement, Moonrock now offers a comprehensive array of insurance policies, which include hobby, commercial, and non-standard drone insurance—all backed by A-rated capacity.
By introducing this essential coverage, both Apollo and Moonrock are proactively addressing the evolving risks that drone manufacturers and operators face, ensuring that they are equipped with the necessary protection as the industry continues to evolve.
Simon Ritterband, the Managing Director and Founder of Moonrock, remarked on this new addition: “We’re pleased to introduce the newest game-changer in our product suite: we’re now empowering drone manufacturers with the product liability coverage they need to thrive.” He elaborated that their products already cater to a wide range of drone operations, including agricultural spraying, film production, drone deliveries, BVLOS flights, and the burgeoning eVTOL (passenger drone) sector. “Now, with the addition of product liability insurance, we’re taking things to the next level and adding a powerful new tool to our arsenal,” he emphasized.
Ritterband further noted: “Once again, thanks to Apollo for their ongoing support and for recognizing the incredible momentum of the drone industry. As drones continue to revolutionize everything from agriculture to transportation, it’s clear that this booming sector demands forward-thinking, flexible insurance solutions.” He concluded by highlighting Apollo’s commitment to keeping pace with rapid growth and offering innovative, accessible coverage, stating that it is truly setting the standard for the future of the industry.
Source: Reinsurance News
