Your Ride-Sharing Business Needs More Than A Personal Auto Policy
Ride-sharing companies offer the opportunity for the everyday person to turn their personal car into a business, through transporting passengers for a fee, much like a taxi or courier service. This business is called “ride-sharing” or “peer-to-peer” with leads and monetary transactions via a mobile app on a smartphone.
If you are currently a member with any ride-sharing organization or are considering becoming a member, ride-sharing drivers require:
- Commercial automobile coverage on their automobile to be adequately covered for themselves and their passengers
You Are Not Adequately Protected Via Your Personal Auto Policy
Some personal automobile insurance companies are designing a “buy-back” endorsement for ride sharing that can be purchased by ride-sharing drivers. This endorsement is intended to provide coverage when drivers are signed into their ride sharing app, but have not been assigned to riders or passengers.
Don’t wait to get the insurance that your business needs. Give Consultative Insurance Group a call at 800.886.0305 to find out about our coverage options or stop by one of our locations to meet us today.