Uber, Lyft, and other rideshare companies are extremely popular - and are giving the taxi industry a ride for its money. Literally.
With the rise in use of app-based taxi services, such as Uber and Lyft, gaining popularity as an alternative to the traditional yellow cab, and providing millions of rides a day worldwide, an interesting question is raised: what about their insurance policies? Who is liable if an accident occurs whether I am inside or outside the car? Do I sue the company, or the driver? Last year, major liability issues were raised when a young girl was killed after being hit by a driver operating a vehicle used for Uber purposes.