NEW YORK--(BUSINESS WIRE)--Starr Companies today announced primary and excess liability coverage for drones in the construction industry. As a joint initiative between Starr’s Aviation and Excess Construction Divisions, this product will enhance coverage for general contractors, subcontractors and project owners who utilize drones within the scope of their business.
“Drone usage is a reality in the construction industry,” states Andy Robinson, senior vice president, Excess Casualty Division. “Contractors recognize that drones can provide a cost-effective means to ensure project quality, improve jobsite efficiency and enhance worker safety. As their business partners, we support these efforts.”
“The collaboration between the aviation and excess construction teams is an example of what we do at Starr Companies to develop creative and multiline solutions for the growing needs of insureds,” says Kyle Sparks, chief underwriting officer, Aviation Division.
Primary coverage is provided by the Aviation Division with Excess Construction Division granting excess capacity, thus providing a cohesive, ground up response to the growing drone marketplace.
About Starr Companies
Starr Companies is the worldwide marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. (“SICO”) and for the investment business of C.V. Starr & Co., Inc. and its subsidiaries. The insurance described herein is offered by Starr Indemnity & Liability Company (“Starr Indemnity”), a SICO subsidiary and leading insurance organization. Starr Indemnity, in conjunction with its affiliates and subsidiaries, provides property, casualty, and accident & health insurance products as well as a range of specialty coverages including aviation, marine, energy and excess casualty insurance. Starr Indemnity holds an A.M. Best financial strength rating (FSR) of “A” (Excellent), Financial Size Category XIV, and an issuer credit rating (ICR) of “a”.
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