On-Demand Ride-Sharing Service Lyft Adds $1 Million In Excess Liability Insurance For Drivers

Zimride's local ride-sharing service, Lyft, has gotten a lot of positive press since launching as an alternative to cabs and Ubers in San Francisco. But it's always had some legal, regulatory, and safety questions hanging over it in the two or three months since it launched in private beta. Now that's the service is available to all, Lyft taken one big step toward answering the question of what happens if someone gets into an accident while a Lyft passenger is in the car, by securing supplemental insurance for all its drivers. Lyft says it will now provide drivers with excess liability insurance of $1 million for any incident that occurs while a passenger is in the car. The policy doesn't cover collision damage, but will offer protection above and beyond drivers' own liability policies. It'll be available free of charge to every Lyft driver while transporting a passenger booked through its platform.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/2KMT-PxMPDY/

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