Is insurance included in the price of a rental?

No - You will need to provide your own valid insurance policy that covers hired in goods and specifies drones. Providers like Coverdrone can offer you this kind of cover.

As part of the insurance policy process, all rental equipment must be insured under a Non-Owned Electronic Equipment or Rented Goods section to ensure we can dispatch the equipment as quickly as possible.

You also need to factor loss of hire costs in the event that heliguy™ is unable to hire out the equipment to other clients as a result of damage caused.