Buckle, a technology-based financial services company, has entered into a managing general agency agreement with Amwins Specialty Auto to place non-standard automobile insurance for gig workers in Florida.
Gateway Insurance will be the admitted carrier, Buckle said in a news release.
The move is part of Buckle’s effort to bring a range of benefits and financial products to gig-economy workers who aren’t considered employees and don’t receive corporate benefits. Through Amwins’ agency network, the Buckle/Gateway non-standard auto coverage will be issued on new business starting this week. The gig auto insurance product will be rolled out next year, the company said.
Buckle’s gig auto insurance for rideshare and delivery drivers uses data from ride-share platforms to underwrite policies. By using that, instead of credit scores, Buckle said it helps close the gap created by conventional insurance policies that leave gig workers underinsured or with higher premiums.
Topics Auto Insurance Wholesale
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