RIDESHARE INSURANCE :: I'm feeling confident that we're on the road to seeing the fruit of TEAM Teleport/TRIP/DEC's labor as regards to:

1) creating the protocol,

2) providing a working app,

3) making available payment processing services

4) The 4th column (RideShare Insurance) is the one that i'm particularly nervous about as it continues to present a huge hurdle for operators.

Quotes i got just b4 pandemic were in the neighborhood of $20-$30k down on a policy, with adjusting premiums based on usage that was drawn down at a rate of about .07c/mile.

I understand that WRIDZ includes a surcharge to riders or drivers of about .18c/mile on their ride receipts.

Not sure that option would be available to Operators in Florida and other states, where the law (mostly written by Uber lawyers and their nearly 400 lobbyists if I'm not mistaken) specifically provides that the Rideshare Insurance may be paid by the Transportation Network Company (Operator), the driver(s), or ANY combination of the two.

While everyone knows that the consumer ultimately pays for the cost of production, directly charging the rider as an itemized FEE doesn't appear to be an arrangement that was contemplated by many state Rideshare Statutes.

i heard somebody speak of a RS insurance plan that also covered drivers off app, and i'm wondering if anyone had heard of such a policy and has any data on what underwriters (and brokers) are offering these?

In my old days of running a small car service of three people, a CHARACTERISTIC of our taxi/car service, the insurance policy covered up to 10 drivers on one vehicle, whether it was in personal or work use.

This is a CRITICAL coverage characteristic for drivers and operators who want to optimize equipment (vehicle) utilization by having their cars in service as close to 24/7 as is feasible, but not one that is currently typically offered by the Rideshare Insurance industry.

In the legacy livery industry, these policies always cover the vehicles 24/7, whether in personal or business use at any given moment.

Having this multiple scheduled drivers per vehicle coverage ability is COMMON and ESSENTIAL to any Taxi/Livery business.

Livery, by any other name (Rideshare, Ridehail, etc), is still LIVERY, a profession that has existed for thousands of years, and will continue to exist, even flourish in years to come.

(An old cabbie I knew once called livery the world's second oldest profession, without elaborating on the oldest profession - if you're guessing right now, you're probably guessing wrong - it's carpentry).

Inasmuch as consumer demand is what fuels any economy or service/product diistribution, we need to network and collaborate to collectively bargain for insurance products on the terms we need.

Paul has said, and some Teleport/TRIP documentation indicates that the Rideshare Insurance coverage may account for as much as 4% of TP/TRIP's total anticipated 15% from drivers and operators, and that could be reduced from the Protocol overhead if drivers and operators were able to work together to develop some alternate solutions.

@harrywhelchel can you please create a new channel under TRIP Community for RIDESHARE INSURANCE discussions, networking and general collaboration on this critical topic?

Who's handling the Rideshare insurance arrangments on the TP team in the seven states anticipated to be active in the near term, so that we might gain some insights as Paul suggested you would be sharing (in his discourse on Rideshare Roundtable 2)?

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