You may already know this, but New York City is one of the biggest markets for transportation services in the country! It also requires drivers to get TLC licensing and commercial insurance. So, if you plan on driving for Lyft, you need to look into obtaining the right commercial insurance.
As rideshare companies like Lyft grow to deliver profitability for their drivers, insurance companies have tried to meet the demand drivers need for the right coverage. You see, if you don’t have a clear understanding of insurance for Lyft, you could be left holding the bag in the case of an accident!