A new insurance facility offering major protection for drones, eVTOLs, and other aviation innovations has just launched in a big way.
Apollo, an innovation-driven insurance platform, has teamed up with UK-based drone insurance specialist Moonrock to introduce a coverage solution built for the next era of flight. The facility will offer liability coverage of up to $100 million and property damage protection of up to $22.5 million. That’s a significant boost for drone operators, fleet owners, and startups in the advanced aviation space.
Apollo is leading the facility, with added backing from major insurers including AEGIS London, AXIS, Beazley, Helvetia, IQUW, and more. Moonrock will handle underwriting and distribution, working with brokers to get the product into the hands of those who need it most.
What sets this facility apart? It’s tailored specifically for complex drone operations and high-tech aviation ventures like eVTOLs (electric vertical takeoff and landing aircraft), which are being developed for everything from air taxis to cargo delivery.
“There was a clear need for a solution that could handle larger limits for complex drone and eVTOL operations,” says Martin Jackson of Apollo. “This facility delivers that in a smart and flexible way.”
Simon Ritterband, founder of Moonrock, calls the partnership a “groundbreaking leap forward” for the drone insurance market. “This opens the door for more ambitious projects, especially those using high-value equipment or breaking new ground in aviation,” he says.
The launch also supports the fast-growing field of drone passenger services, positioning the facility as a key player in the future of flight. With drones and eVTOLs set to transform transport and logistics, this new insurance solution aims to keep innovation protected — no matter how far it flies.
More: DJI wants you to beta test Osmo Action 5 Pro firmware
FTC: We use income earning auto affiliate links. More.
Comments