The Takeoff Episode 03: Why Team and Culture Matter for Travel Startups Sponsored This content is created collaboratively with one of our sponsors.
The efforts to which many of the sharing economy companies are going to in order to have maximum profit and zero liability is rather insulting for both its employees/contractors and its customers.
Lyft is seeking to combat questions about insurance and liability today, with the introduction of a new Peer-to-Peer Rideshare Insurance Coalition, as well as the announcement that it will be providing additional insurance to drivers on its platform.
… Part of that is due to an incident that occurred on New Year’s Eve, in which a driver who works for Uber was involved in a traffic fatality.
But that type of accident wouldn’t be covered under the new insurance policies, a Lyft spokesperson confirmed to me. That’s because the driver involved in the accident was not on duty at the time of the accident. The excess liability policy would cover only drivers when they’re in the middle of a Lyft ride.