An underwriting agency has launched offering specialist public and product liability for delivery platforms, e-bike fleets and other areas of the sharing economy.

“Cover is written for the platform entity itself, distributed exclusively through brokers and backed by Lloyd’s capacity through Apollo Syndicate 1971,” Protect Underwriting says on its LinkedIn page. “Standard limits of $20 million, with options to $50 million for larger operators.”

Jeremy Bennett, who has worked at QBE and Marsh, is founder and CEO of the agency.

“Today, Protect Underwriting stands up,” he said. “A new Australian MGA with one job: insuring the gig, sharing, micromobility and emerging economies properly.”

He says the sharing economy is reshaping Australia but is “running on cover built for a different world. That gap is the whole reason [Protect Underwriting] exists.

“Look at what that economy has become. Every Uber caught, every Stayz booked, every e-scooter hired … Behind each one sits a platform business carrying real third-party liability the moment the service runs. And most of that risk is sitting on policies written for premises, stock and staff. Platforms have none of those.”