The announcement demonstrates the power of Qover’s technology and its ability to create cutting-edge insurance products adapted to the reality of the new economy. Over the past two years, Qover has raised €7 million and now counts on a team of 30 ninjas.
This insurance is free for all Deliveroo riders as soon as they log on to their rider app. The challenge for Deliveroo was finding a supplier that could offer flexible insurance along with the technology to identify when its riders are working.
'Deliveroo is an ideal partner for us', said Quentin Colmant, Co-founder of Qover. 'They were looking for a tailor-made, on-demand insurance package, which sits at the core of our business model. The majority of our clients and partners are active in the new economy. We’ve invested heavily in our technology and doing insurance the right way, but we understand the need for flexibility; wespeak the same language as these new players.”
Mathieu De Lophem, General Manager for Benelux reacted as well, 'Deliveroo is excited to work with a Belgian company that is able to create new quality insurance products for our drivers. Working with a high profile company such as Qover shows how we like to contribute to the Belgian economy.'
The accident insurance Qover developed with XL Catlin covers personal injuries for all riders, including up to €7,500 for medical expenses as well as up to 75 percent of average gross income while incapacitated. Deliveroo riders will be able to claim the costs of their absence if they are unable to work as a result of an injury on the job.
Cyclists with the company will also have access to public liability insurance – which Qover created with La Parisienne Assurance – which covers them up to €5 million.
The insurance coverage also has measures to pay for hospital stays – €50 per overnight stay for up to two months – and up to €2,000 for dental treatment. Permanent incapacity and death are also covered.
Earlier this year Qover announced deals with Toyota, car sharing platform Poppy (D’Ieteren Group) and Immoweb.
