Page 10 - drive a2b FEB 2020 web

NEW
SOUTH
WALES
NEWS

Option 1 service.
Summary of Point to Point Driver • In addition, point to point

Options for Policy drivers (of taxis, private hire
cars and other passenger
New NSW CTP Requirements: services vehicles e.g.
Arrangements • Specific Classes for Taxis rideshare) would be
and Private Hire Cars would required to take out an
be removed. additional CTP policy
to cover the time spent
• Taxis and Private Hire Cars conducting passenger
would be transitioned into services. This policy will
Class 1 and be required to be attached to the driver
hold a Class 1 CTP policy for whether they provide any or
the vehicle. all of taxi, private hire car or
• All drivers intending to rideshare services.
provide passenger services • Total premiums for driver
would be required to take policies plus vehicle
out an additional driver policies would need to
policy. cover the risk pool of point
Key Changes: to point vehicles. Premiums
would vary depending on
• A CTP policy is attached to approved risk rating factors
the vehicle in the normal e.g. driver history and time/
way i.e. the policy is distance spent providing
linked to the vehicle. CTP the service.
premiums will be as per
other vehicles in their class • Regulatory requirements
e.g. Class 1. The vehicle CTP such as claims
policy would be in force management processes,
for all activities excluding licensing and registration
providing a passenger etc would be equivalent to
a standard CTP policy.
10 DRIVE A2B magazine · February 2020