Case Study: Complex Product Risks for a Drone Manufacturer

Client Profile

A fast-growing technology company specialising in the design and manufacture of advanced drones for research and development. Their products are used by law enforcement, military and other high-stakes sectors, making their risk profile uniquely complex.

The Challenge

Many brokers struggle to place insurance for businesses with high-risk products, especially when those products are used by sensitive end users like police and military forces. In this case, the client faced two major hurdles:

• Product Exposure: The drones themselves represented a significant liability due to their technical complexity and potential for misuse.
• End-User Risk: The involvement of government and defence agencies added layers of regulatory and reputational risk that most insurers were unwilling to accommodate.

Despite the client’s innovation and market potential, they were hitting a wall with traditional insurance providers.

Our Approach

At Price Forbes, we pride ourselves on being both heritage-rich and future-ready. We don’t shy away from complexity, we lean into it.

Our team quickly mobilised, tapping into our deep expertise in the London Market and our relationships with specialist insurers. We understood the nuances of the client’s operations and crafted a bespoke solution that addressed both the product and end-user risks.

The Solution

• Engaged specialist London Market insurers with a proven track record in emerging technologies and defence-related exposures.
• Structured a tailored insurance programme that provided robust coverage across product liability, operational risk, and end-user scenarios.
• Delivered competitive pricing without compromising on the breadth or depth of cover.

The Outcome

• The client secured insurance coverage that met their operational needs and satisfied stakeholder requirements.
• They were able to continue scaling their business with confidence, knowing their risks were expertly managed.
• We empowered the client to continue developing an innovative solution that is breaking new ground.

This case is a clear reflection of what sets us apart. By combining deep-rooted expertise with a forward-thinking mindset, we empower clients to operate boldly in complex environments.