Global insurer, Liberty Mutual Insurance has announced that it has been selected by rideshare provider, Lyft, to provide cover for its drivers using its rideshare platforms, effective today.
Under the program, Liberty Mutual provides specific coverages for drivers in Arizona, Michigan, New Mexico, Texas and Utah, and will cover from the time a driver has their Lyft app on to app off.
Senior Vice President and Chief Underwriting Officer (CUO), David Blessing, commented: “We’re excited to have been selected to take part in Lyft’s auto insurance program.
“Drawing on Liberty Mutual’s deep expertise in both commercial and personal lines, we are able to deliver complex risk management solutions to meet the insurance needs of one of the preeminent companies in the sharing economy.”
Vice President, Product Technology Solutions, Nicholas Grant, further noted: “We’re pleased that Lyft recognizes our dedication to innovation as we continue to develop compelling products and services that meet customers’ changing needs.
“Our Mobility Practice brings together specialized underwriting, actuarial, claims, and service teams for rideshare giants like Lyft, as well as car subscription, vehicle sharing, delivery services, and autonomous vehicle companies.”
Last week, it was announced that insurer Allstate has also been selected to provide commercial auto coverage to Lyft in a number of states.