Popular ride-sharing service Uber announced a new partnership with Intact Financial, one of Canada’s largest home, auto and business insurance providers, that hopes to bring ‘ridesharing insurance’ to the country.
“We have been working with Intact Financial to develop an innovative, new insurance plan for ridesharing in Canada that we hope will come to market soon. This plan will be the first of its kind designed exclusively for the ridesharing industry in Canada,” reads a statement to MobileSyrup from both companies.
UberX rides are already covered by standard auto liability insurance in Canada, covering $5,000,000 of contingent auto liability insurance related to bodily injury and property damage. This number is reportedly two times the government regulated liability requirement for standard taxi and limo services. It’s unclear how Uber’s new partnership with Intact Financial will impact the company’s insurance coverage.
Uber says that on a monthly basis the company now services more than one million Uber rides across Canada. For more information about Uber’s current insurance and safety policies check out this link.