Liberty Mutual signs on as Uber insurer
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Liberty Mutual Insurance Group has agreed to provide auto insurance for Uber drivers and passengers in New England, South Carolina and Puerto Rico in 2020, the insurer said in a statement Thursday.
The announcement comes three months after surplus lines insurer James River Group Holdings Ltd. withdrew Uber’s coverage after the business weighed on its results.
The Liberty Mutual coverage for drivers and passengers using San Franciso-based Uber Technologies Inc.’s ride-sharing app will begin when drivers open the app and are waiting for a trip or delivery request through the completion of the trip or delivery, the statement said.
The program covers Connecticut, Maine, Massachusetts, New Hampshire, Puerto Rico, Rhode Island, South Carolina and Vermont.
Coverage will be written through the insurer’s dedicated sharing economy and new mobility practice to address the “specific risk management challenges facing the company’s ride-hailing and delivery operations,” the statement said.
Uber’s other insurers include Allstate Corp., Farmers Insurance Group and Progressive Corp., according to information on Uber’s website.
According to the site, coverage includes third-party liability coverage, with which limits vary by state but are at least $1,000,000; uninsured or underinsured motorist bodily injury coverage, with limits of at least $250,000 once a passenger is present; and contingent comprehensive and collision coverage, with a $1,000 deductible that the driver must pay.
