Keep in mind that an unmanned aerial vehicle is still a vehicle, and that means it needs to have insurance. It’s actually a part of the SFOC requirements that you have UAV liability insurance. However, you do not have to have the insurance when you submit your application. You can submit the application and then get your insurance. You simply need to have it before they will issue the certificate and allow you to operate.
There is no requirement for Transport Canada inspectors to have a copy of the insurance policy. Simply declaring that you have the policy in place is all they need for the SFOC application process. However, often one of the conditions in the actual SFOC certificate they issue to you will be that you need to have proof of insurance with you on-site during an operation. Don’t try to pull the wool over the eyes of the inspectors, as it will come back to haunt you.
Make sure that you are getting the right type of insurance, as well as enough insurance. You need to be sure the policy covers the vehicle while it is in flight. Many companies’ insurance policies do not do this, and UAV operators have no idea. Double check to make sure that yours provides full liability coverage.
You will need to have at least $100,000 liability coverage. However, you will quickly discover that a large number of the insurance companies out there will only have policies that are half a million or more. Many operators are choosing policies for between one and two million dollars. Commercial operators might also find that some of their clients require a certain amount of the insurance coverage before they will be allowed onto the client’s location for the operation.
Take some time to look at the various insurance companies in Canada that offer UAV insurance. It’s a good idea to work with a company that specializes in the field.