Allstate commercial auto policies now cover Lyft drivers in Indiana
Times (Munster, IN)
Oct. 6--In the so-called gig economy, many people have taken to working part-time second or third jobs for ride-hailing apps like Lyft.
Now Northbrook-based Allstate Insurance Co. is covering Lyft drivers with commercial auto coverage in Indiana and seven other states, effective Oct. 1.
"Peoples' needs change quickly and constantly, and they shouldn't worry about the complexities of insurance coverage as they use their personal vehicles to make money," says Jamie Trish, president of Allstate Business Insurance.
Allstate Business Insurance provides coverage for the entire duration of a Lyft trip, also automatically protecting riders at no addition cost.
The drivers are covered by their own personal insurance when they don't have the business insurance app on.
"As rideshare continues to play a critical role in modern transportation across the country, Lyft is excited to broaden its rideshare insurance partnerships," said Curtis Scott, vice president of risk at Lyft.
-- Joseph Pete
The business news you need
With a weekly newsletter looking back at local history.
___
(c)2020 The Times (Munster, Ind.)
Visit The Times (Munster, Ind.) at www.nwitimes.com
Pedestrian struck on Penn Avenue, West Reading police report
Asian Business Headlines at 6:58 a.m. GMT
Advisor News
- Addressing the ‘menopause tax:’ A guide for advisors with female clients
- Alternative investments in 401(k)s: What advisors must know
- The modern advisor: Merging income, insurance, and investments
- Financial shocks, caregiving gaps and inflation pressures persist
- Americans unprepared for increased longevity
More Advisor NewsAnnuity News
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
- Aspida Life and WealthVest Offer a Powerful New Guaranteed Income Product with the WealthLock® Income Builder
- Lack of digital tools drives wedge between insurers, advisors
- LIMRA: Annuity sales notch 10th consecutive $100B+ quarter
- AIG to sell remaining shares in Corebridge Financial
More Annuity NewsHealth/Employee Benefits News
- Studies from Denise Wolff et al Have Provided New Data on Atopic Dermatitis (AMCP Market Insights: Beyond skin deep on the role of managed care in moderate to severe atopic dermatitis): Skin Diseases and Conditions – Atopic Dermatitis
- New Clinical Trials and Studies Findings from RAND Corporation Described (Benefit design and consumer information: results from a randomized trial): Clinical Research – Clinical Trials and Studies
- School, BOCES healthcare costs up 22%, here’s why
- Healthcare cuts threaten Sullivan's reelection chances in Alaska
- Health insurance marketplace feels growing tremors from GOP cuts
More Health/Employee Benefits NewsLife Insurance News
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Monday Session
- Dan Scholz to receive NAIFA’s Terry Headley Lifetime Defender Award
- Best’s Special Report: US Property/Casualty and Health Insurers Exceed Cost of Capital; Life Insurers Narrowly Miss
- Aspida Life and WealthVest Offer a Powerful New Guaranteed Income Product with the WealthLock® Income Builder
- Lack of digital tools drives wedge between insurers, advisors
More Life Insurance News