The ads are enticing: “Make $35/hour driving with us!” or“You could make $800 a week or more!”

Ridesharing services, or transportation network companies(TNCs), are everywhere. Uber alone signs up an estimated 20,000 drivers each month worldwide. The service isparticularly popular with millennials who appreciate the lowertransportation costs and how easy it is to use the app from theirphones.

You have a nice car and could use extra cash. You sign up to bea driver, install the app and soon you are driving people aroundand making money. Is it too good to be true?

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Auto
Commercial Lines
Litigation
Loss Control
Personal Lines