Over 15,000 self-employed riders working in partnership with Deliveroo are now to be backed by free insurance cover.
Thanks to a partnership with specialist insurer Bikmo, the scheme will see riders covered up to £7,500 on medical expenses and £3,000 in funeral expenses in the worst case scenario.
More importantly for riders forced to take time off, the coverage will provide up to 75% of the rider’s average gross income up to 30 days if the rider is sidelined by a crash. Up to £1 million in public liability is further offered.
Not limited to the UK, Deliveroo will offer the coverage to riders in Ireland, Italy, Spain, Belgium, The Netherlands, Singapore and Hong Kong. This move is believed to be costing the business around £10 million globally.
Deliveroo’s founder Will Shu commented: “It’s important that Deliveroo riders are protected whilst out on the road, so we’re delighted that this leading insurance package will be available to all riders completely free. We know riders value the flexibility of being able to fit their work around their life, but they also deserve security if they’re involved in an accident.
“This insurance gives riders security whilst they’re out delivering great food and maintains the flexible work they value.
“This is just one way we are working to increase riders’ security. We would like to go further, but are currently constrained by the law.
“Deliveroo will continue arguing for the law to be updated so on-demand companies can offer both flexibility and security.”