Golden, Colo.-based Juniper Unmanned Inc., a provider of training and support for commercial drone operators, has partnered with Ascentium Capital LLC and Airsure Ltd. to offer new drone insurance and customized finance packages in the U.S.
As a direct lender, Ascentium Capital provides a range of financing, leasing and small-business loans. AirSure Ltd. specializes in insurance and risk management for the aviation industry.
Available immediately via Juniper Unmanned’s network of dealers, the finance and insurance options allow customers to overcome significant barriers to entry into the drone market, the companies say. The packages are available for any unmanned aircraft model that Juniper Unmanned supports.
Ascentium Capital will handle the entire financing process – from credit approval to documentation to funding – through an online tool. Customers can finance aircraft, hardware, software and all soft costs, including training, extended warranty and scheduled maintenance.
Meanwhile, Airsure Ltd. has pre-underwritten all Juniper Unmanned customers; this allows them to instantly bind comprehensive insurance coverage for the full term of their finance agreement.
“Traditional lenders have been reluctant to provide financing for unmanned aircraft systems,” says Jeff Cozart, CEO of Juniper Unmanned. “This program gives our clients and customers a way to accomplish more than ever. And the insurance program means our customers have the tools they need for safe, effective and compliant unmanned aircraft operations.”