Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation, and start-up ridesharing companies have been cropping up everywhere trying to ride the heels of the success experienced by the three major transportation networking companies – Uber, Lyft and Sidecar.
But insurers have been a little slower to hop in the backseat of this journey. Insuring this class isn’t easy because it is hard to address the different exposures and get adequate rate.
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