Drone MGA secures capacity for new liability product

Specialty MGA Moonrock has secured new capacity to add drone liability cover to its offering.

The cover has been developed to protect manufacturers in the event of their devices causing harm to the public.

A range of hobby, commercial and non-standard policies will be on offer, which are all backed by A-rated capacity from Apollo.

The product is also available to customers globally.

Simon Ritterband, managing director and founder at Moonrock, said: “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.

“Once again, thanks to Apollo for its ongoing support and for recognising the incredible momentum of the drone industry. As drones continue to revolutionise everything from agriculture to transportation, it’s clear that this booming sector demands forward-thinking, flexible insurance solutions.

“Apollo’s commitment to keeping pace with this rapid growth and offering innovative, accessible coverage is truly setting the standard for the future of the industry.”

Martin Jackson, class leader for aviation at Apollo, added: “We have successfully extended our offering into drone product manufacturers legal liability, having bound policies already and foresee that to increase as the business grows.

”We have a very strong partnership with Moonrock and look forward to continued success in innovation in the market.”