This article, authored by OneBeacon Accident & Health’s Steve Mueller, discussed ridesharing occupational accident insurance. Published on Carrier Management, you can read Steve’s full article here.
The completion of our acquisition by Intact Financial Corporation was announced this morning. We’re excited to officially be part of the Intact Financial Corporation family and to create a leading North American specialty insurer.
OneBeacon Accident & Health has recently launched a new product specifically for Uber driver-partners. The first-of-its kind driver injury protection program, available through Aon Affinity and underwritten by Atlantic Specialty Insurance Company, provides up to $1,000,000 in benefits for covered injuries.
Leveraging their experience and expertise in the transportation space, the Accident & Health group developed an occupational accident insurance solution in partnership with Aon and Uber. The program is designed for Uber drivers, who are independent contractors, while they are online with the Uber app and transporting passengers or goods.
Occupational accident has traditionally been used in the trucking marketplace to provide independent contractors with financial protection in the event they are in an accident while under dispatch. In the traditional transportation model, the driver pays a monthly rate. In this innovative approach, the driver pays a fixed rate per mile—or a usage-based pricing model—that aligns with the on-demand nature of this gig economy rideshare model.
Coverage is available in 30 states, with a continued national rollout planned throughout the year.
For further information on the product/program please contact A&H’sTedd Merrill at 781.332.8391 or email@example.com.