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Sharing economy ride hailing insurance for owners and professional drivers can often be complicated to buy and not available when and how you want it. Ride Hailing and Car Sharing Platforms are great opportunities to earn money but the cost of insurance, buying upfront, having to prove you have insurance, etc, can be off putting. Our products allow the professional driver, the passengers and the Platform operators to benefit from a by the mile/kilometer insurance. All parties involved can rest assured that the journey is fully covered. No annual cover, proof of insurance on the phone, cover for theactual time working.
Building trust between a cleaner or builder and a customer is tough at the best of times, doing this through a platform requires new tools. We have a sharing economy insurance program for platform businesses that underlines the trust in the platform without undermining the relationship between the two parties through the platform. Many household policies do not cover the owners or renters when they have a cleaner in or a builder in when there is a claim. When even small things happen, it causes friction between the customer and the professional and the platform. Our policies covers even the smallest claim and underpins the Platforms trust in the Professional and gives peace of mind to their Customers. This is developed with the sharing economy in mind.
The sharing economy has opened up many new opportunities and none more exciting than renting out your prized asset and earning a nice income. Our sharing economy insurance is aimed at this opportunity. We are there when it goes wrong, there is a small breakage, a fire, theft or someone holds a party. Many household policies do not cover renting or sharing out your room or house or boat or toolson a casual basis. The platforms will help but they can be very exposed to an increasing number of claimsor even a large event that spirals out of control. We have a sharing economy insurance program that is specifically designed to work with both sides of the platform and the platform business itself. The insurance program covers all key events - small and large claims alike.
We have developed a gig economy insurance program aimed at freelance workers. Just getting into the new Gig economy and your client wants to know if you have insurance? What do you do? The option is to buy an annual policy, or you lose the work. Working with the platforms and the professionals we have a product that works with you. Works the way the gig economy works, by the hour, by the day, by the week, by Gig. You can buy the right policy to cover the work you are doing and for the time you are doing it, simple freelance insurance.
There are numerous kinds of commercial insurance policies businesses should consider. While each company is unique and needs coverage tailored to its specific risk profile, there are standard “buckets” of coverage, summarized below.
BOPs can provide both property and liability coverage for eligible small businesses. They are written on special coverage forms that are generally very similar to their monoline property and liability form counterparts, but they typically have some unique features that make them especially advantageous for businesses that qualify.
CGL insurance can protect insureds from most liability exposures other than automobile and professional liability.
Workers Compensation and Employers Liability is insurance that can provide coverage for an employer’s two key exposures arising out of injuries sustained by employees. Part One of the policy covers the employer’s statutory liabilities under workers compensation laws, and Part Two of the policy covers liability arising out of employees’ work-related injuries that do not fall under the workers compensation statute.
D&O is a type of liability insurance which may cover directors and officers for claims made against them while serving on a board of directors and/or as an officer. D&O can be written to cover the directors and officers of for-profit businesses, privately held firms, not-for-profit organizations, and educational institutions.
EPL is a type of liability insurance that can cover wrongful acts arising from the employment process. The most frequent types of claims covered under such policies include wrongful termination, discrimination, sexual harassment, and retaliation.
Professional Liability insurance may protect traditional professionals (e.g., accountants, attorneys) against liability incurred as a result of errors and omissions in performing their professional services. Most policies only cover economic or financial losses suffered by third parties, as opposed to bodily injury (BI) and property damage (PD) claims.
Cyber insurance may cover a variety of both liability and property losses that result from a business engaging in various electronic activities, such as selling online or collecting data within its internal electronic network.
Cyber policies can cover a business’ liability for a data breach in which the firm’s customers’ personal information, such as Social Security or credit card numbers, is exposed or stolen by a hacker. The policies may cover a variety of expenses, including notification costs, credit monitoring, costs to defend claims by state regulators, fines and penalties, and loss resulting from identity theft.
In addition, the Cyber can also cover costs incurred from business interruption, data loss/destruction, fraudulent transfer of funds, and cyber extortion.
DISCLAIMER: This content is not an exhaustive list of policies available, nor does it constitute an explanation of which claims may or may not be covered.
This content is only meant to be used for general educational purposes. It in no way constitutes any advice or recommendation for coverage.