In 2019, ostraa launched the first-of-its-kind Inclusive Insurance program for New York City taxi drivers.
Partnering with United Taxi Management, one of New York City’s largest taxi garages, ostraa developed an Inclusive Insurance program to serve two needs.
The program is designed to increase the profitability and competitiveness of UTM’s business by attracting and retaining quality drivers.
At the same time, the program provides the support and protections taxi drivers need to ease their financial and emotional strains. Like millions of independent contractors in America, taxi drivers suffer from important coverage gaps left by conventional insurance plans.
How the program works
The incentives-based program was created after comprehensive interviews from drivers to identify their most urgent needs in insurance protections.
For each month UTM drivers meet certain driving thresholds, they get access to insurance rewards for themselves and their families. For 12 shifts completed, drivers receive free discounts on dental, vision and pharmacy cost, up to 50% of their billable value. For 24 shifts completed, drivers receive the discounts, as well as $25,000 in guaranteed-issue term life and $25,000 accidental death and dismemberment insurance, both of which are key protections for cab drivers.
To learn more, check out our front-page coverage in El Diario, “Ofrecen innovador programa de seguro de vida para taxistas”, and Patch, “NYC Taxi Firm Aims To Help Cabbies Earn Insurance”.
And don’t miss our updates in Medium: