BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Farmers Insurance to cover rideshare drivers between fares


Farmers Insurance Group of Cos. has rolled out a rideshare drivers coverage endorsement in Colorado that addresses the state's new insurance requirements for rideshare services.

Colorado's S.B. 125, which was signed into law in June and authorizes ridesharing services such as Uber Technologies and Lyft Inc., requires rideshare drivers to maintain insurance coverage for the period of time between the driver activating a ridesharing app and picking up a passenger.

Farmers' endorsement provides coverage for that period, the insurer said Thursday in a statement. Farmers said coverage will continue between rides and ride requests until the driver logs off the application.

Farmers' rideshare endorsement, however, does not provide coverage after a passenger is accepted or when a paying customer enters the car, Farmers said.

S.B. 125 says the ridesharing services, classified as transportation network companies under the bill, are required to provide insurance once a passenger is picked up until drop-off, according to the statement.

Farmers' policy will be available Feb. 16, according to the statement.

On average, the endorsement will add an additional 25% to a customer's premium, Farmers said in the statement.

Read Next