If you are looking to travel somewhere in Denver, but you don't have a car, you have a growing number of options. Lyft and Uber, ride-sharing services in which people can use their own car to provide rides for fares, have become wildly popular in the last few years. The two businesses have expanded into large and small cities alike.
Colorado was actually the first state to acknowledge and authorize ride-sharing services such as Lyft and Uber in 2014, but both had both already been operating in the state. These two services add to the seven cab companies that already operated within the city. These include Yellow Cab, Metro Taxi, Freedom Cab, Union Taxi Cooperative, Mile High Cab, All Cities Taxi, and Green Taxi Cooperative. Now, taxicab companies within the city are struggling to remain competitive as new drivers flood the market.
For example, the Denver International Airport has recently cut the number of spots it will allocate to taxis which wait at the airport for riders who need to get into the city or surrounding area. The airport made this decision because more people are using services like Lyft and Uber instead of taxis. The number of sports available drops on April 1, 2017, from 321 to 257 (split evenly between the seven cab companies in the city) in a 24 hour period. There are currently no restrictions on the number of Lyft and Uber cars that can operate at the airport.
If you are hit by a car operating under Lyft, Uber, or a taxi company in Denver, or if you riding in a car and are injured in an accident caused by your Lyft, Uber, or taxi driver, there are multiple insurance issues to consider. Many of Uber's insurance policy offers only apply if the driver is logged into the Uber app at the time of the accident (this is theoretically to prevent someone from claiming compensation from Uber for damages they incur while driving for their own purposes). In addition, both Lyft and Uber's policies only cover injury to passengers in the vehicle and basic liability coverage. They do not cover the cost of injuries sustained by pedestrians or cyclists. Lyft and Uber ask for proof of insurance from their drivers before they are accepted.
Taxicabs, in contrast, have more extensive and constant insurance coverage, as they are required to pay higher premiums for coverage since the perceived risk is higher. In 2014, when Lyft and Uber were legally acknowledged by the state of Colorado, the Colorado Public Utilities Commission lowered taxicabs' minimum liability insurance from $1.5 million to $500,000, presumably to keep taxicabs competitive and able to stay in business.
Many people who use ride-sharing services and taxis are from out of town, traveling to and from the airport, their hotel, and to sites around the city. This often makes accidents involving these services complicated and stressful. If you have been injured in an accident involving a negligent or reckless Uber, Lyft, or taxi driver, call the Law Office of Jeremy Rosenthal today at (303) 825-2333 or contact us online. You may be entitled to compensation.