The Dangers of Uber and Other Ride-sharing Apps

    Posted by Soules Insurance on Thu, Jun 7, 2018

    Uber, Lyft and other ride-sharing services can make it easy to get a quick car ride or make some extra income, and they’re only becoming more popular. In fact, in the cities where these platforms are available, taxi ridership has declined anywhere from 10 to 30 percent. However, the convenience of ride-sharing isn’t without risks. Most ride-sharing businesses are in the early stages of development, and the popularity, risk management and compliance issues they’re facing are all in uncharted territory.

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    Tags: Uber, auto, auto insurance, Lyft, Ride-sharing, Dangers of Uber, Uber App, Uber driver, Lyft App, Ride-sharing service, Ridesharing

    Our Sharing Economy - Limit Your Exposure

    Posted by Soules Insurance on Tue, Apr 25, 2017

    Sharing platforms like Uber and Airbnb have brought a new level of convenience and affordability to many of life’s transactions. With the click of a button, you can find a cheap place to stay in a foreign city, rent an unused room in a home, or get a driver to pick you up in the rain. For providers, sharing services offer an easy way to earn extra money.

    One of the reasons on-demand platforms are so cost-effective is because they operate largely outside existing insurance and regulatory frame-works. “Every one of these activities gives rise to an entire family of potential liabilities,” says Bob Hartwig, professor of risk management and insurance at the University of South Carolina. Insurance experts agree on one thing: People who provide services in the sharing economy often lack adequate protection.

    Here’s how to minimize your risk:

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    Tags: Uber, Insurance Coverage, Airbnb, Lyft, Limiting Exposure, Sharing Economy

    Your auto insurance and Uber

    Posted by Warner Phelps on Tue, May 20, 2014

    Do you have auto insurance coverage if you are an Uber (or Lyft) driver? 

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    Tags: personal insurance, Uber, cars, auto, auto insurance