Rideshare Driver Insurance in Oak Lawn, IL
Rideshare services have become a staple of the transportation industry. These businesses, such as Uber and Lyft, may provide travelers and commuters with a comfortable and convenient way of reaching their destinations without having to worry about driving or parking their own vehicles. Rideshare companies may also create flexible and lucrative employment opportunities for drivers. However, while working for a rideshare business may be rewarding, it also includes unique risks and exposures that must be addressed with adequate insurance.
What Is Rideshare Insurance?
Rideshare insurance is an increasingly common type of coverage tailored primarily toward the needs of rideshare services and drivers. This type of insurance may include many of the same components as standard auto policies, including the following:
- Bodily injury liability coverage
- Property damage liability coverage
- Collision coverage
- Comprehensive coverage
- Medical expense coverage
- Uninsured/underinsured motorist coverage
Do I Need Rideshare Insurance?
A rideshare driver should not rely on their standard auto insurance while on the clock, as accidents and other losses that occur while using a personal vehicle for commercial purposes typically aren’t covered under such policies. Although some rideshare companies may offer insurance for employees, this coverage usually only provides financial protection from incidents occurring while a passenger is physically inside a vehicle while being transported. Given these conditions, drivers without rideshare insurance may lack adequate coverage, such as while on the way to pick up a passenger or while parked between trips.
Where Can I Buy Rideshare Insurance?
The dedicated staff at Hanway Insurance is well-equipped to help rideshare employees in the Chicago and Oak Lawn areas acquire and maintain the right coverage. Our agents will draw on our collective knowledge and experience to analyze drivers’ insurance needs, explore available options and assemble optimal policies. Contact us today to get started.