The Dangers of Uber and Other Ride-sharing Apps

Uber, Lyft and other ride-sharing services can make it easy to get a quick car ride or make some extra income, and they're only becoming more popular.  In fact, in the cities where these platforms are available, taxi ridership had declined anywhere from 10 to 30 percent.  However, the convenience of ride-sharing isn't without risks.  Most ride-sharing businesses are in the early states of development, and the popularity, risk management and compliance issues they're facing are all in uncharte


Ride-sharing has been popular for several years, but is just now moving into smaller towns and communities.  More and more are beginning to ask what is ride-sharing?  Do I have coverage if I decide to become a TNC driver?  What are the coverage gaps?


It's sweeping the nation and is now in four Ohio cities, but ridesharing complexities confound insurers, drivers and city regulators, and the story continues to unfold each day. Rideshare services are currently offered in Cincinnati, Toledo, Cleveland and Columbus. But before your clients decide to participate, they need to know the risks and what the insurers' position is on coverage. Use our consumer content to reach out to your clients and help.