Nervous pilots might be able to command their UAV with a little more peace of mind now that AIG is willing to sell drone insurance.
The insurance company has launched a series of policies that will cover all kind of accidents. Perhaps most importantly, it will provide third party liability in case you crash your drone into someone or something else. But it will also cover physical damage to the aircraft itself, including cameras and other hardware that you're having it carry, and there aren't any exclusions if something goes wrong with the on-board electronics.
The costs depend on what kind of cover you're going for: it's going to be more expensive to cover a custom-made drone carrying a RED camera than it is a DJI Phantom with a GoPro lashed to its undercarriage. Either way, it's unlikely most people will choose to cover themselves for the drone they use in the backyard, but for anything more serious it might be a tempting option. Flying a drone, after all, isn't always easy.
It doesn't look like this cover is offered in Australia yet, but hopefully it's only a matter of time.