The ride-sharing industry has seen a dramatic increase in popularity within the last few years. Unlike a taxi cab service, these businesses rely on independent contractors who set their own hours and utilize their own vehicles. Unfortunately, basic personal auto insurance policies don't cover any type of commercial operations, so if you join a ride-sharing service, you may need to reevaluate your coverage.

Large companies in the ride-sharing industry who hire drivers offer some level of liability coverage that extends a current policy’s protections. However, these plans are associated with restrictions as well as deductibles. For most individuals, it's best to focus on your own policy to ensure you and your vehicle are properly protected.

As a driver and vehicle owner, you have two basic options: commercial and personal auto insurance. Commercial coverage is an excellent option and provides liability and comprehensive and collision protection with higher limits than individual policies. 

As mentioned above, personal vehicle coverage doesn't extend protections to commercial tasks, so your insurance provider can deny any claims that result from a ride-sharing accident. With that being said, many companies are now trying to expand their options to meet the needs of contract drivers by offering add-on packages. This specialty coverage extends the protection of your personal policy to incidents that occur while you’re driving for ride-sharing purposes.
 

If you currently work for a ride-sharing service or are planning to join in on the action, turn to the professionals at Accredited Insurance in Omaha, NE, to find the right policy. Offering a personalized approach, the team at this independent insurance agency will evaluate available policies to secure one that meets your specific needs and budget. Request an insurance quote today by calling (402) 334-1780 or by visiting their website.