Drones elevate risk for construction and energy sectors. 1

Drones elevate risk for construction and energy sectors

Enterprise drones are one of the fastest-growing tech transformations in these industries. But as companies, regulators, and insurers lag behind, we’ve seen significant gaps in coverages. That can put companies at risk. Get a detailed look and find out how to minimize risk.

Widespread adoption

1M+ drones
were registered with the
FAA as of January 2018.1
25% commercial
A quarter of all drone registrations are commercial – and more are added daily.2
3x more by 2023
The FAA projects
continued growth.3

Why?

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Allow easy assessment
of work sites, progress, and quality
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Extend workforce reach to elevated and remote locations
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Widely adopted across agriculture, construction, and mining
 
Coverage gaps to watch, benefits to celebrate
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Liability
Operating drones over people and urban environments carries risk.
Property damage can result from drone accidents.
Partners and clients rely on drone footage.
Privacy concerns vary by state.
Cyber liabilities exist as drones and data can be hacked
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Workers compensation
Drone use can reduce injury by limiting worker access to
  – elevated areas
– remote locations
Drone operation requires employee training to ensure worker and site safety.
 
How can we help?

1

We provide coverage for companies operating drones.
Team up with our expert drone partners for industry-leading technology platforms.
2
We have proprietary data and modeling practices for underwriting and risk management.
Individual and company-wide flight histories guide risk-management efforts.
Our aggregate industry data quantifies big-picture risk.
3
Contact your Liberty Mutual representative to learn how we can help provide coverage and close gaps.
1 https://www.transportation.gov/briefing-room/faa-drone-registry-tops-one-million
2 https://www.faa.gov/data_research/aviation/aerospace_forecasts/media/FY2019-39_FAA_Aerospace_Forecast.pdf pg. 46
3 https://www.faa.gov/data_research/aviation/aerospace_forecasts/media/FY2019-39_FAA_Aerospace_Forecast.pdf pg. 46