Uber isn’t publicly traded however (although they possibly will likely be quickly). Nevertheless they even now have quite a few non-public traders who would like to see a robust bottom line.
If Uber pays out huge amounts in accident promises, that cuts down their base line. So, it doesn’t make any feeling for them for making that system quick. Like most substantial corporations, they’ll do the things they can in order to avoid spending.
Recall, Uber drivers usually are not workers. They're unbiased contractors. Uber is familiar with this and employs it to their benefit. In 2013, an Uber driver in San Francisco strike and killed 6-calendar year-outdated Sofia Liu. Even though utilizing the Uber app in the event the unlucky incident occurred, the motive force was technically amongst fares. Uber wound up settling the match for an undisclosed amount about 6 months later.
To complicate the liability of Uber’s motorists, private insurance policy insurance policies usually exclude incidents that occur at get the job done. So, the driver’s particular auto insurance plan provider could seek here to deny coverage.
How would you Get Protection When you’re Involved with an Uber Accident?
Nicely, initial You need to explain the situation round the incident. You might have read about Uber’s $1 million insurance plan policy that they give to all of their drivers. No matter if that plan applies depends upon the nature of the car accident.