INSURANCE AS IT RELATES TO DEMAND-RESPONSIVE TRANSIT (ABRIDGMENT)

At the present time, it is difficult to set insurance premiums for ride-sharing systems. The concept is relatively new. Therefore, carriers have been unable so far to identify adequately the exposure to losses for rating purposes. Compared with conventional taxicabs, ride-sharing systems do have higher passenger loads which would tend to raise insurance costs due to the increased liability limits required. However, they also have a lower accident frequency which tends to lower insurance costs. Premiums can also be kept in line through proper hiring procedures, safety programs, thorough claims-handling procedures, and curtailing medical fees.

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00193703
  • Record Type: Publication
  • ISBN: 0309028175
  • Files: TRIS, TRB, ATRI
  • Created Date: May 26 1981 12:00AM