RIDESHARE IF YOU DARE
The rideshare industry can provide valuable gig income. Before you choose this path though, there are many things you should consider, not the least of which is insurance coverage. Often debated is whether rideshare gigs really make any bottom line income. The wear and tear on cars can eat profits. Less talked about is the quandary of protecting yourself with the right insurance. To the rideshare industry’s credit, protections for drivers via liability insurance coverage has made good strides. But there are pitfalls and risks that remain. You will to be sued individually along with the rideshare company in an at fault accident. Especially ones that injure passengers or third parties. Since you are holding yourself out as a professional driver, you will be held to a higher standard than the average driver, increasing your financial risk. Your personal auto insurance does not cover you, it ends when you log into the rideshare company platform. The only protection you have is the rides