Pouch Insurance partners with First Acceptance Corporation
Commercial auto insurance startup Pouch Insurance announced the launch of its Micro-Fleet Rideshare program, an admitted commercial auto product underwritten by First Acceptance Insurance Company of Tennessee, a subsidiary of First Acceptance Corporation. The program is now available to fleet owners in Tennessee and represents Pouch’s first admitted product for the off-platform rideshare and delivery fleet market.
The program supports fleet owners with up to 25 vehicles, uses a per-mile rating structure based on telematics data to price only off-platform exposure, and requires all drivers to be cleared through Motor Vehicle Report screening before being added to the policy. The product is designed to work alongside existing TNC platform coverage.
Beyond this new program, Pouch offers an Artisan Contractor Auto program underwritten by Redpoint County Mutual Insurance that is available in Arizona, Illinois, Indiana, New Mexico, Tennessee, and Texas.
“We built Pouch around one simple idea: money in your pocket. That means finding the gaps where hard-working fleet owners are exposed and building products that actually fit the way they operate. The gig economy has created a generation of small fleet businesses that have been almost impossible to insure properly. Partnering with First Acceptance to bring this product to market is a significant moment for us – and for every fleet owner in Tennessee who has been trying to find a real solution to this problem.” – Steve McKay, Chief Executive Officer of Pouch Insurance.
“First Acceptance has always been committed to serving customers who are often overlooked by the standard market. The gig economy fleet owner is exactly the kind of customer we exist to serve – hardworking, entrepreneurial, and operating in a space that the insurance industry has been slow to address. Pouch brings the technology, the distribution relationships, and the deep understanding of this market segment. This partnership allows us to bring an admitted, properly structured product to market faster than either of us could have done alone. We are genuinely excited about what we are building together.” – Anthony Delaney, President of First Acceptance Insurance Company of Tennessee.
