In terms of insurance, what is required for FHV drivers?

FHV drivers are required to have commercial insurance that meets the standards set by the Taxi and Limousine Commission (TLC). This requirement ensures that the insurance policy is specifically designed for vehicles used for-hire, providing adequate coverage for both the driver and passengers in the event of an accident or other incidents.

Commercial insurance for FHV drivers typically includes higher liability limits and coverage for unique risks associated with operating a vehicle for hire, such as passenger injury or property damage. This type of insurance is crucial as it protects both the driver and the public, ensuring that the necessary coverage is in place for the commercial use of the vehicle.

Basic liability coverage usually does not provide sufficient protection for FHV operations, as it tends to offer lower coverage limits and may not cover the specific risks involved. Additionally, while comprehensive coverage can be beneficial for personal vehicles, it is not a substitute for the commercial insurance requirements established by the TLC for drivers operating for-hire vehicles. Thus, adherence to TLC insurance requirements is essential for compliance and safety in the FHV industry.