Do Uber and Lyft drivers need rideshare insurance?

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MALE VOICEOVER: If you drive for Uber, Lyft, or even Uber Eats, you might think your personal auto insurance has you covered. But here's the truth: It probably doesn't.

[video: an illustrated header displays the text: "Personal auto insurance policies often have business-use exclusions"]

Most personal auto policies have a business use exclusion.

[video: an illustrated header displays the text: "You could end up paying for:"]

[video: Under above header, three bullet points display the text: "Repairs"; "Medical bills"; "Lawsuits"]

That means if you're in an accident while driving for a rideshare app, your insurer could deny your claim, leaving you to pay for repairs medical bills, or lawsuits out of pocket. That's where rideshare insurance comes in.

[video: an illustrated header displays the text: "Rideshare insurance fills the gaps between personal and rideshare company insurance."

It fills the gaps between your personal auto policy and what the rideshare company provides, giving you consistent protection every time you're on the road.

Let's take a closer look at some of the top policies that can help protect your rideshare business.

[video: an illustrated header displays the text: "Commercial auto covers:"]

[video: Under above header, three bullet points display the text: "Auto accident injuries"; "Damage caused by your vehicle"; "Vehicle theft and vandalism"]

Commercial auto insurance protects you from costs due to an accident involving your business's rideshare vehicle. If you drive your personal vehicle for your Uber business, hired and non-owned auto insurance may be an alternate solution.

[video: an illustrated header displays the text: "General liability covers:"]

[video: Under above header, three bullet points display the text: "Slip-and-fall accidents"; "Customer property damage"; "Advertising lawsuits"]

General liability insurance covers third party accidents, such as a customer who slips when getting into your car and suffers an injury. It also covers personal and advertising
injury claims, such as libel or slander.

[video: an illustrated header displays the text: "A BOP combines general liability and commercial property into a cost-efficient policy bundle."]

A business owner's policy, or BOP, is a cost-effective way to bundle general liability and commercial property insurance coverage for less than it would cost to purchase these policies separately.

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[video: Under above header, three bullet points display the text: "Employee medical expenses"; "Disability benefits"; "Workplace injury lawsuits"]

Workers' compensation is required in most states for rideshare businesses with employees, and can shield you from work-related medical costs that your personal insurance may not cover.

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Cyber insurance can help your Uber business financially recover from data breaches, phishing, and other types of cyberattacks.

[video: an illustrated header displays the text: "E&O covers:"]

[video: Under above header, three bullet points display the text: "Missed rides"; "Breach of contract"; "Scheduling errors"]

Errors and omissions insurance, sometimes called professional liability coverage, protects you from lawsuits related to work mistakes and oversights, such as a driver failing to pick up a passenger.

While Uber and Lyft do offer insurance for their drivers, it doesn't protect you all the time.

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For example, when the app is off, you're only covered by your personal policy.

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When the app is on and you're waiting for a request, limited liability coverage kicks in, but doesn't cover your own car's damage.

[video: an illustrated header displays the text: "En route or with a passenger: Stronger coverage but may not cover everything."]

And when you're en route or with a passenger, the coverage is more comprehensive, but may not include everything, like medical payments or certain collision costs.

[video: an illustrated header displays the text: "Rideshare insurance helps:"]

[video: Under above header, three bullet points display the text: "Avoid denied claims"; "Cover costly repairs"; "Pay for medical expenses"]

With rideshare Insurance, you can avoid denied claims, protect yourself from costly repair bills, get coverage for medical expenses, and keep your driving business running smoothly.

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We make it easy for small business owners and Uber drivers to find the right, most affordable coverage. 

Get free quotes for your small business with Insureon today.

Click the link to get started!

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