Crash! Boom! Who’s paying for your drone accident?

In this Q&A with multiple law firm specialists, Bella Richards examines the dangers of what might happen when the drone industry skyrockets, and Australia still has not established an insurance policy.

As the drone industry grows and takes Australia to new heights, the nation must be doing it right – and safe. But the current climate shows that Australia has taken a slower approach in establishing comprehensive insurance policies, which could become a catastrophe if the government does not address it soon. Essentially if you own a drone, you do not need insurance, and to many industry leaders around the world, this is a problem.

Clyde & Co is a United Kingdom law firm and has its hands deep into the pockets of the drone industry. Recently in an article at The Australian Financial Review, the company criticised Australia’s lack of an established insurance regime regarding drones and urged the nation to get on top of things sooner rather than later.