At one point or another, you must have pondered on the importance of food delivery insurance. All around the world, fast food takeaways and food deliveries are something that has been in existence since the 19’s.
Over centuries, customers’ demand for hot food delivery can never be overemphasized. The advancement of the world has further reshaped and rebirth how people make orders.
No longer do people have to troop in for their orders, just at the comfort of their homes and good internet, takeaway orders are made and delivered to their doorstep, considering the booming of fast food delivery market which has been estimated to be worth close to about £10 billion by 2024, there is need for food delivery insurance.
A food delivery Job is one of the easiest side jobs that can be taken up by part-time students to sponsor themselves, part-time teachers, etc. Because the advancement above has made restaurants and eateries, etc to blossom in an amazing way that has generated Job opportunities for drivers and riders.
Why do you need food delivery insurance?
There is a need to beat the delivery deadline since customers like to get their delivery hot, to avoid getting customers frustrated or soiling their company’s reputation, Drivers, or riders tends to increase their speed in order to deliver quickly, often times this driving is done under stress which opens them to accidents.
Also, those who deliver food spend more time on the road under pressure than average riders which in turn puts them at a lot of risks. The food delivery insurance protects you, your vehicle, and your job in the face of likely accidents.
How Much is Food Delivery Insurance?
The cost of food delivery Insurance is dependent on some important factors which include: The number of orders delivered, the location of customers, and the type of vehicles being used.
These factors determine the risks your business faced and this, in turn, influences the insurance costs.
How Much is Food Delivery Insurance in Canada?
As of 2019, Zego, A food delivery Insurance company charges scooter riders, £0.50 per hour if they have a Zego SD&P policy, or £0.70 in all other cases. For car drivers, their rates vary between £0.80 – £3.00 per hour. This is a pay-as-you-go delivery Insurance provider.
A commercial policy might be cheaper, this depends on the activity but can range from as high as $10, 000 to as low as $600per year, on average, they fall in the $1,000-$1,500 range. As of 8th October 2021, Patricia, on RateLab.ca says “Fenn and Fenn Company quoted her 600 a month.”
According to Gary Cormier, 49, of Kitchener, Ont. When interviewed by https://www.cbc.ca/news/canada/kitchener-waterloo says “my broker later gave me a quote for a commercial driving insurance policy, costing about $10,200 annually.”
Various province of Canada and their Insurance policies with Uber
In Ontario, The protection given by the Insurance policy includes;
$2million liability coverage that covers one liability to third parties right from accepting a delivery request to the delivery destination,
$2million of uninsured/underinsured motorist coverage: This gives protection of injuries caused by a hit-and-run driver or driver with insufficient insurance.
Contingent Collision and comprehensive coverage: This covers the physical damage done to the vehicle and it is only possible if such vehicle is insured for collision coverage on personal auto policy.
Statutory Ontario Accident Benefits: If you are available on the app but yet to accept a delivery request, there Is commercial auto insurance maintained on your behalf which provides $1 million of third-party liability coverage when applied.
In Quebec there is $1 million civil liability coverage per incident: This covers the driver/rider civil liability to third parties from the moment of login to the Uber app until the moment of log off.
Coverages of Contingent: This covers Insured loss or physical damage done to the vehicle, only if the coverage is on the driver’s personal auto policy. In a personal auto policy, the coverage and deductible payable are included.
It includes regions such as Alberta, British Columbia, Nova Scotia, New Brunswick, etc.
Companies such as UberEats, Skip the Dishes, Doordash Car you can look into for fast food delivery Jobs.
Insurance companies to look into include:
- Intact Insurance Company
- Belairdirect Insurance Company
- Desjardins Insurance Company
- Wawanesa Insurance Company
A commercial policy
To find your delivery Insurance costs quotes Online, All you need to do is to punch in your postal code, then compare quotes, to see the costs of insurance for your car. Ratelab.ca, Zego, Nextinsurance, and Utility experts are one of such you can use in calculating your quotes.