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Marsh offering ‘sharing economy’ auto coverage

Posted On: Dec. 13, 2018 4:11 PM CST

Marsh offering ‘sharing economy’ auto coverage

Marsh LLC said Thursday it is offering new coverages for “sharing economy” livery and delivery services and for autonomous vehicles.

The broker said its sharing economy insurance facility is offering up to $10 million in dedicated primary auto liability and excess casualty coverage to U.S. companies participating in the sharing economy for livery and delivery services. The coverage is backed by Lloyd’s of London syndicate Apollo Underwriting Ltd., the statement said.

In addition, Marsh’s autonomous mobility insurance facility is offering first-dollar liability and physical damage primary auto liability coverage of up to $1 million from an unidentified U.S. insurer and $4 million in exclusive excess capacity from Apollo for companies testing autonomous vehicles in the U.S.