Business risks posed by drones

The principal objective of this bulletin is to examine the risks from drones that face commercial policyholders, particularly damage to property, loss of privacy, business continuity and the safety and morale of personnel on insured premises.

Sales of these unmanned, remotely piloted aircraft are growing exponentially throughout the world. The risk of a drone coming into contact with the physical assets and/or personnel of a business, or other enterprise, grows by the day. For the majority of policyholders, risk of contact with a drone remains fairly remote at the present time but it seems likely that when an incident does occur, its business impact could well be more far reaching than the management had imagined.