The new sharing economy — epitomized by companies like Getaround and Airbnb — has necessitated updates and shifts in the insurance market, as insurers catch up to these new business models and the risks that come along with them. The availability of insurance for fleet companies providing vehicles to drivers for rideshare activities is one of the most recent gaps to be filled. Before I can explore this emerging need, I must discuss the current rideshare coverage landscape.
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The Circle Blueprint