George Madden

How do we insure these cars and protect ourselves when you're not the one driving it?

And I know the insurance fires the car, not the person.

I get all that.

You know how it is.

It was this way with Airbnb and other things at first.

Like none of the industries liked this.

No one embraced it.

It was a very up and coming way to make money and do things, but none of the other industries cared for it because they didn't know who was liable.

And so how do we get insurance?

How do we get coverage and how do we protect ourselves?

Every state's going to be different with what insurance carriers actually allow this.

When I started five years ago, there was only really one option.

Now there's several companies.

There's three different companies that I've used myself and clients have that do commercial off-trip rental insurance.

So this is insurance that covers the car when it's not being rented and it's sitting there and you're using it for business related activities or employees using it for business related activities.

And there's three different companies.

Depends on what type of cars you have and what state you're in for me to give the recommendation.

But that insurance for full coverage usually comes to about 100 to 110 bucks a month on each car.

And then liability only is usually about 60 to 70 dollars.

The way you said that it screamed a little bit like loophole, but not necessarily like embraced.