Getting a Grip on Ridesharing Coverage

Overview

Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and startup ridesharing companies have been cropping up everywhere trying to ride the heels of the success experienced by the three major transportation networking companies: Uber, Lyft and Sidecar.

But insurers have been a little slower to hop in the backseat on this journey. Insuring this class isn’t easy because it is difficult to address the different exposures and get adequate rate.

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