TORONTO – Ontario’s insurance regulator has approved coverage for drivers using ride-hailing services such as Uber.
The Insurance Bureau of Canada says it’s the first coverage of its kind in the country.
The Financial Services Commission of Ontario has given the green light for Aviva Canada to offer coverage for drivers that carry paying passengers in their own vehicles.
Aviva says it is an addition to its personal auto policy and will be available to drivers licensed for at least six years, who spend up to 20 hours a week participating in ride hailing, and for a maximum of eight occupants.
The policy will cover drivers from when they initiate looking for passengers through to collecting and dropping off those passengers.
Aviva says it will be working with regulators across the country to make this insurance available in other provinces.