Economical Insurance has formed a partnership with Uber, to provide insurance coverage to the rideshare company’s drivers.
Specifically, Economical Insurance will provide insurance coverage for Uber Rides and Uber Eats trips in Alberta, Ontario, Quebec, and Nova Scotia. The insurance partnership is expected to go live on September 01, 2020.
“At Economical, we believe in finding innovative solutions to changing customer expectations, which is exactly what Uber has done for transportation globally,” said Economical Insurance president and CEO Rowan Saunders. “Our initiative with Uber continues our focus on digital transformation. It is another example of how we’re blending our insurance industry expertise with technology to support a better customer experience. We are proud that Uber has chosen Economical as their rideshare insurer in Canada going forward.”
“Uber has been a leader in the ridesharing industry, making sure every trip is insured. As our business has grown, we recognize the importance of strong partners like Economical Insurance,” added Uber vice-president of safety and insurance Gus Fuldner. “We are excited to partner with Economical Insurance in Canada to bring their high-class service and trusted protection to riders, drivers, and eaters who use the Uber app.”
“Our sophisticated products, broad underwriting capabilities, and dedicated team give us the opportunity to provide coverage for a business as large and successful as Uber,” commented Economical Insurance EVP of commercial insurance Fabian Richenberger.
Richenberger also mentioned that Economical is aware that Canadians are changing the way they order food, use their cars, and get from one point to another – Economical is dedicated to protecting Canadians during this transition, the EVP said.
Economical said that current insurance coverage for drivers operating on the Uber platform will continue seamlessly. The company also announced that it would share more details about its insurance initiative with Uber in the weeks to come.
