I. Introduction
UAS risk management is a large sector in flux. Though the FAA has not moved to impose minimum insurance requirements, underwriters are rushing to fill the void. Though UAS risk assessment may seem trivial, the obvious risks of personal injury and property damage loom. Like manned aircraft, UAS are sensitive and subtle instruments that carry hefty repair and replace costs. Therefore, insurance companies must consider UAS to be comparable to small or ultra-light aircrafts. Since several factors make up the UAS risk matrix, underwriters will take into account who is liable for when a mission fails or causes injury. Problems should be initially divided into two categories of fault, Pilot-In-Command (PIC) and manufacturer (hardware/software malfunction) liability. As the FAA and local legislatures develop a concrete legal framework for these risks, the insurance industry must remain ready and flexible.