Welcome to the age of the commercial drone delivery

Drones have become incredibly popular in the past few years. With high-end options such as camera, video recording and the ability to carry loads and self-navigate, the use of drones is important for organizations and has become a necessity for various companies across industries. Within the internet-based retail industry, drones are already delivering packages in many countries. Amazon, Google and Switzerland's postal service are using or have begun testing parcel deliveries by unmanned drones. For this project, develop an insurance contract that provides coverage for Package Delivery Drones. Include all the relevant contract sections and provisions.

Assessment Criteria:

1. Construct an appropriate template for the insurance contract between two parties (Insurer and Company) covering risks arising from the ownership and operation of delivery drones.
2. Include all the basic parts of an insurance contact and complete the information required to provide comprehensive coverage in the policy. The contract must comprise of at least the following sections:

Declarations

Definitions

Insuring agreement

Exclusions

Conditions.