Brokers can benefit from the scheme as Flock can provide insights on client requirements, the insurtech says
Specialist broker and insurtech Flock has been appointed as Biba’s newest drone scheme provider for its members.
Underwritten by aviation underwriters, the scheme allows Biba members to easily access cover for small businesses as well as global operators and large fleets.
It offers flexible cover to commercial drones such as unmanned aerial vehicles (UAV) and electric vertical take-off and landing (eVTOL) aircraft.
And the scheme is fully compliant with EU Regulation – EC785/2004, as well as meeting the Civil Aviation Authority and other regional aviation authorities’ insurance requirements for commercial UAV operators.
Mike Hallam, Biba’s head of technical services, said: “We are delighted to offer this new scheme to members. Flock has proven expertise in this area that will greatly benefit members who need access to this specialist class of insurance, whether that be on a regular or one-off basis.
”Flock will simplify the process for members to bind risks and offer comprehensive and competitive cover.”
It follows two new senior hires on the leadership team at Flock including Christen Smith, who was previously at Zego, as head of sales and Caroline Garrow, who was formerly at Wrisk, as head of operations.
Benefits for brokers
Brokers can benefit from Flock’s UAV specialists who can provide insights on client requirements.
Ed Leon Klinger, chief executive at Flock, said: “The commercial drone industry is growing at a remarkable rate, and it’s critical that drone operators of all sizes have access to fair, flexible, and transparent insurance policies.
“We are excited to bring Flock’s market-leading products to thousands of brokers across the country through the new BIBA drone scheme. Working with Flock, brokers can now take advantage of automated binding, end to end claims support and insights from a UAV specialist.”
Brokers will also receive end to end claims support and advocacy as well as their own branded portal to simplify and streamline the quote and bind process.
Goldman Sachs has estimated that the commercial drone industry is worth around £78bn.
Flock has issued more than one million quotes and now insures some of the world’s largest fleets, including Skyports, Terra Drone and Sky Futures. Cover includes hull, equipment and cargo up to £1.5m, up to £50m public liability and beyond visual line of sight (BVLOS) cover.
It can also create custom insurance policies for specific use cases including drone deliveries, drone swarm shows and offshore operations.