Aquiline Drones Corp. (AD), a Hartford, Conn.-based drone manufacturing and services firm, has completed the licensing process to establish its own insurance captive, Aquiline Drones Indemnity Corp. (ADIC).
This insurance license allows AD to assume the risk of its entire group of companies and indemnify its products and services, as well as allowing it to insure the risk of its partners and affiliates such as Drone Volt and Aerialtronics. ADIC will also indemnify the products utilized by AD’s drone service providers.
AD said it intends to provide competitive commercial liability products to the larger UAV industry, nationally and globally.
AD’s drone products and services include an aviation cloud for commercial drones, drone manufacturing, drone maintenance and repair services, unmanned aerial systems (UAS) for large enterprises and governments, a line of Spartacus drone products, a UAS training academy, and a “drone-on-demand” service enabling customers to order drone services through a mobile app.
Aquiline Drones founder and CEO Barry Alexander. said that as a company founded by veteran airline pilots, safety is the “cornerstone” of the company’s growth.
“From our inception, our underlying mission has been to build a full-service drone ecosystem, including an American-made manufacturing plant, drone pilot training academy, aviation-inspired cloud and mobile drone manufactory pod,” added Alexander. “Our latest accomplishment of becoming a fully functional insurance company raises the bar for drone safety and expansion on a global scale.”
Topics Carriers Connecticut
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