What:
Hylant launched RoadPilot, a “pay-as-you-go” program designed for the restaurant home food delivery industry.
Why:
Traditional insurance products can lead to gaps in coverage for restaurant businesses that rely on delivery drivers because premiums are based on industry averages and applied universally regardless of the drivers’ liability profiles.
How:
- The program takes a unique approach by integrating real-time monitoring of driver behavior with the assessment of risk.
- The program will typically target restaurant groups with 20 or more locations.
- With RoadPilot, premiums are developed to more fairly and accurately reflect a delivery driver’s actual behavior and actual delivery miles travelled.
- Specific rating factors include aggregate driver risk profiles derived from hard braking, rapid acceleration, speeding, unsafe maneuvers, and phone usage. Premium is determined on a monthly basis.
- RoadPilot is an app-based technology that drivers install on their phones. Clients also have access to a convenient dashboard that is available 24/7. This provides managers with real-time data to monitor in-progress driving and drill down into historical driving statistics to help identify and address unsafe driving habits. Data can also be used to reward and incentivize employees who are driving safely.