(Image source DJI.)
SkyWatch (Palo Alto, Calif.), a distribution platform for on-demand, telematics-based insurance for commercial drones, has announced the strategic acquisition of Droneinsurance.com’s assets. The vendor characterizes the acquisition as bringing together two innovative platforms, to offer clients a seamless experience with more options, providing unmatched coverage and service to drone operators across North America.Under the partnership, customers of Droneinsurance.com will now be seamlessly transitioned to the SkyWatch platform for their insurance needs, a SkyWatch statement says.
SkyWatch says that Existing Droneinsurance.com policyholders will continue to be handled by droneinsurance.com, ensuring they receive the same dedicated service they are accustomed to. Upon policy renewal, these policyholders will be offered the option to seamlessly transition to SkyWatch.
SkyWatch’s array of insurance policies, including hourly, monthly, and annual options, cover a variety of drone operators, from small photography businesses to inspection services, drone deliveries, light shows, and beyond. SkyWatch offers coverage in all 50 U.S. states and Canada.
“Droneinsurance.com has been a driving force in the industry, and we have always respected them as one of the first players that genuinely cared about the market and customers, striving to bring meaningful innovation,” comments Tomer Kashi, CEO of SkyWatch. “This acquisition represents not just a business decision, but a commitment to elevating the standards of drone insurance for all operators so they can focus on their mission with confidence.”
Significant Step Forward
“This acquisition represents a significant step forward for both our companies,” says Jason Griswold, CEO of REIN, the parent company of Droneinsurance.com. “SkyWatch’s innovative approach to digital insurance aligns seamlessly with the values Droneinsurance.com has upheld. We are confident that this transition will be nothing short of advantageous for our valued customers.”