(Image from Liberty Mutual’s new ad campaign, “Only pay for what you need.”)
Liberty Mutual Insurance (Boston) will provide coverage for Uber (San Francisco) drivers and passengers throughout New England, South Carolina and Puerto Rico as part of the company’s 2020 auto insurance programs, which became effective on Dec. 31, 2019, according to a statement from the insurer.
“We’re pleased to have been selected by industry leader Uber to join its auto insurance programs,” comments David Blessing, SVP and Chief Underwriting Officer, Liberty Mutual Insurance Sharing Economy & New Mobility, Liberty Mutual. “We drew on our competitive advantage of vast commercial and personal lines expertise, including our best-in-class claims and service organizations, to meet the specific risk management challenges facing the company’s ride-hailing and delivery operations.”
Under the program, Liberty Mutual provides specific coverages from the time Uber drivers open the app and are waiting for a trip or delivery request through the completion of the trip or delivery, the carrier reports. The program covers all of South Carolina, Puerto Rico and New England, including Massachusetts, Connecticut, Rhode Island, Vermont, New Hampshire and Maine.
Custom Risk Solutions
“Our dedicated sharing economy and new mobility practice allows us to continue successfully insuring ride-hailing, vehicle-sharing, car subscription, delivery services, and autonomous vehicle companies,” comments Nicholas Grant, VP, Product Technology Solutions, Liberty Mutual. “The unit blends dedicated underwriting, claims and service with deep industry experience to develop custom risk solutions that both protect companies and attract customers.”
“At Uber, we want both drivers and riders to have peace of mind during trips, and Liberty Mutual helps fulfill that obligation,” comments Gus Fuldner, VP, Safety and Insurance, Uber.