Global Aerospace, Verifly Announce Drone Insurance App

Parsippany, New Jersey - Global Aerospace, a leading provider of aerospace insurance, has come together with Verifly Insurance Services to deliver on-demand drone insurance through a simple, easy-to-use app for recreational and commercial users.

Similar to the rise in popularity of cars and the insurance market that followed, as drone use increases so does the need for insurance. Enter Verifly, the first company to deliver on-demand drone insurance to protect users while they fly. Use of mapping technology and real-time conditions also gives unmanned aircraft systems (UAS) users' information about potential flying risks. Users can purchase third-party liability insurance instantly through the simple and intuitive app, with all policies underwritten by Global Aerospace, Inc.

Verifly's on-demand insurance model means users only pay for coverage when they need it. Starting at $10 an hour, Verifly's next-generation model offers $1,000,000 in liability coverage. It is the first ever on-demand drone liability insurance option for consumers, both recreational and commercial.

"The recreational drone operator has few options for dependable insurance. In addition, many occasional commercial users don't see the value in an annual policy. Verifly's on-demand insurance aims to fill those gaps," said Chris Proudlove, Senior Vice President, Manager Northeast Region and UAS Risks, at Global Aerospace.

Jay Bregman, co-founder and CEO of Verifly said, "Drones are on the forefront of the new economy. We're excited to partner with Global Aerospace to advance the democratization of aviation through drones by creating a product that directly addresses the needs of both commercial and recreational users."

The Verifly app is currently available for iOS and Android devices. Don't run the risk of being uninsured, see how easy Verifly is today! As a specialist aviation underwriting business, Global Aerospace is at the forefront of insuring the rapidly expanding UAS industry. Global provides industry leading products and services for all areas of the UAS industry including operators, manufacturers and all companies in the risk chain. For additional information please visit www.global-aero.com or contact Chris Proudlove at cproudlove@global-aero.com. ### Global Aerospace is a leading provider of aerospace insurance with a worldwide portfolio of clients who are engaged in every aspect of the aviation and space industries. Headquartered in London, we have offices in Canada, Cologne, Paris, Zurich and throughout the United States. Across the world we employ over 300 people. With experience dating back to the 1920s, the company's underwriting is backed by a pool of high quality insurance companies representing some of the most respected names in the business.

For additional information about Global Aerospace, please visit www.global-aero.com. To learn more about the company's SM4 safety program, please visit sm4.global-aero.com.