Matatu Owners Association has announced that it is in the process of having an Insurance company that gathers for the interest of the sector.
MOA Chairman Albert Karakacha announced this on Saturday after a day-long deliberations with the management of Invesco Assurance Company Limited.
"A team to handle the issue of insurance, especially the claims and support the company is in place," Karakacha said.
Karakacha also said another team has been formed to engage the state over the skyrocketing cost of fuels.
He announced the new move after meeting with the national governing council, and insurance representatives among others.
The chairman said the team which will be ready by October 14 will look at the dynamics of regulating fare to have a win-win balance between the operators and the passengers.
"We are business people and we do not want to lose our business," Karakacha said.
Karakacha said the matatu owners will pursue the state for the sector to have subsidies just like other sectors.
For the first time in history, the prices of fuel rose by as high as Sh20 per litre with the big jump expected to have far-reaching consequences to households.
In the review, the price of petrol is up by almost Sh17 per litre while that of diesel has increased by about Sh21.32 per litre.
Federation of Public Transport Sector chairman Edwin Mukabana said the sector has suffered too long while trying to secure claims from existing insurance companies.
Nairobi's Mobility and Works County Executive Committee Member Brian Mulama said they will work closely with the sector as it plays a key role in economic development.
Mulama who sits in Nairobi Metropolitan Area Transport Authority (NaMATA) said the rollout of the much anticipated Bus Rapid Transit was on course.
However, it will only gather 20 per cent of the city residents.