Hylant Group Inc. on Monday said it has partnered with Obsidian Insurance Co. to launch a pay-as-you-go auto liability program for restaurant businesses that rely on delivery drivers.
The hired non-owned program, known as Road Pilot, will offer a combined single limit for auto liability up to $1 million, Hylant said.
The program integrates real-time monitoring of driver behavior with risk assessment and is aimed at restaurant groups with 20 or more locations.
Premiums will be determined monthly and will reflect a delivery driver’s actual behavior and miles traveled, Toledo, Ohio-based Hylant said in a statement.
Specific rating factors include aggregate driver risk profiles derived from hard braking, rapid acceleration, speeding, unsafe maneuvers and phone usage, Hylant said.
Obsidian Insurance Co. is a subsidiary of Obsidian Insurance Holdings Inc., a New York-based fronting company that issues policies underwritten by managing general agents and underwriters and program managers.
Risk Placement Services Inc. has hired former Hylant Group Inc. executive Aashish “A.C.” Chauhan as executive vice president of casualty in its brokerage division, based in Chicago.