Intact Insurance Launches Commercial Drone Insurance for Small and Medium-Sized Businesses

Toronto, ON (Jan. 18, 2016) – As part of its ongoing commitment to product innovation, Intact Insurance has launched drone insurance for its commercial lines customers.

This Unmanned Air Vehicle (UAV) coverage is a leading insurance product in the market that caters specifically to small and medium-sized businesses that currently use or plan to use drones to complement their business operations.

“The number of businesses using drones is increasing due to improving technology, lower price points, and expanded uses within commercial operations,” said Alain Lessard, Senior Vice-President, Commercial Lines for Intact Insurance.

“Broker feedback and survey insights identified a growing customer demand and gap in non-specialty markets for this type of coverage. We are confident this product will help address current and future market demand.”

UAV coverage is the latest addition to the company’s line of leading-edge products and services that provide unique solutions which add value to businesses and brokers. Other recent innovative commercial initiatives launched include its cyber endorsement, which protects businesses against cyber risks and myFleet Solution, a unique fleet-management insurance solution for businesses with fleets.

Commercial businesses interested in adding drone insurance to their coverage should speak to their broker about the options available to them.

About Intact Financial Corporation

Intact Insurance is Canada’s largest home, auto and business insurance company, the choice of more than four million consumers. Its coast-to-coast presence and its strong relationship with insurance brokers mean the company can provide the outstanding service, comfort and continuity customers deserve. Intact Insurance is a member company of Intact Financial Corporation (TSX:IFC), the largest provider of property and casualty insurance in Canada.