Transportation Network Businesses (TNCs) such as Uber, Lyft, and other rideshare companies have made it simple for people to use their personal automobiles for business. Many takeaway food firms employ people to deliver their food to consumers. Other companies, such as Amazon Flex, use private delivery drivers as well. This form of company allows people to supplement their income by driving their own car.
However, you may not be aware that ALL owners and drivers of vehicles who work for a rideshare firm are required to have rideshare insurance. Your personal automobile insurance coverage may not be sufficient if you wish to use your car for commercial activities. You can now get special hybrid policies that allow you to use your car for ridesharing or delivery. We explain all you need to know about what’s coveredand what isn’tin this detailed guide.