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. This includes drivers operating through ride-share companies like Uber and Lyft, as well as traditional taxis and limos. You don’t want to be caught without commercial insurance in NYC!
You see, if you don’t have a clear understanding of insurance as a taxi driver, you could be left holding the bag in the case of an accident! Insurance companies have tried to meet the demand drivers need for the right coverage, but many drivers are still missing this vital coverage.