Commercial insurance firm Mobilitas Insurance has been selected by Lyft to provide ride-sharing commercial insurance coverage in 11 states.
Through its partnership with Lyft, Mobilitas will provide a single auto insurance policy for Lyft drivers in Colorado, Idaho, Minnesota, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington, Wisconsin, and Wyoming.
“We are excited to partner with Lyft to provide insurance solutions that help protect the rapidly evolving needs of the mobility market,” said Eric Ummel, general manager of Mobilitas Insurance. “Mobilitas understands the risks of the on-demand, sharing economy and is partnering with companies to develop customized insurance products to best protect their business needs.”
Ummel said that Mobilitas recognizes a “tremendous opportunity to innovate in the emerging on-demand and sharing economy to meet the unique needs of this segment, and we believe it represents one of the largest growth opportunities of the future.”
“Our goal is to create simple, flexible and comprehensive commercial insurance solutions that deliver unmatched protection and superior results,” he said.
Meanwhile, Curtis Scott, vice president of risk at Lyft, said that the ridesharing giant is “excited to broaden its rideshare insurance partnerships.”
“This allows us to leverage the regional expertise of these large insurers as our business continues to evolve, ensuring we have claims handling specifically built for ridesharing as well as data driven risk mitigation and reliable security for riders and drivers on the Lyft platform,” said Scott. “Additionally, we look forward to further integrating our cutting-edge risk management solutions with these partners and partnering to bring innovative insurance products to market.”