Originally Posted by
FiftySix
The Uber/Lyft business model is like most other gig economy business models. Uber/Lyft don't have to own cars, insure cars, hire employees, or give employees benefits.
I can't imagine why Uber/Lyft would ever insure cars they don't own, and owning cars would mean that Uber/Lyft would have to put real skin in the game. Which is against the gig economy business model.
The Uber/Lyft bisiness model is precisely the same as any courier and most taxi companies have been using for forever with the exception of how the runs are dispatched and even that is no longer any different. The company I used to run for switched to all digital back in 2000.
Uber/Lyft doesn't have to insure the cars but they do when operating and the insurance is a joke. Some courier companies and taxi services go that route as well. Normally the vehicle owner carries the commercial insurance though.