Hylant Group Inc. on Monday said it has partnered with Obsidian Insurance Co. to launch a pay-as-you-go auto liability program for restaurant businesses that rely on delivery drivers.
The hired non-owned program, known as Road Pilot, will offer a combined single limit for auto liability up to $1 million, Hylant said.
The program integrates real-time monitoring of driver behavior with risk assessment and is aimed at restaurant groups with 20 or more locations.
Premiums will be determined monthly and will reflect a delivery driver’s actual behavior and miles traveled, Toledo, Ohio-based Hylant said in a statement.
Specific rating factors include aggregate driver risk profiles derived from hard braking, rapid acceleration, speeding, unsafe maneuvers and phone usage, Hylant said.
Obsidian Insurance Co. is a subsidiary of Obsidian Insurance Holdings Inc., a New York-based fronting company that issues policies underwritten by managing general agents and underwriters and program managers.