SACRAMENTO — Ride-sharing companies have reached agreement with the governor and lawmakers on contentious legislation that will place new insurance requirements on UberX, Lyft, Sidecar and their drivers in California.
Under terms of the deal revealed Wednesday, drivers will have to carry $100,000 in per-incident coverage for death and personal injuries. Additionally, transportation network companies will be required to provide $200,000 in excess insurance from the time drivers log on to a ride-sharing app until they’re matched with a passenger. At that point, a company-provided $1 million policy covering uninsured and underinsured motorists would kick in.
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