Uber and Lyft encourages Nevada's economic growth. Uber partners with local businesses to provide delivery services for there customers. This benefits the business owner and the customer.
According to the many articles regarding SB 226 its main point is the taxi cab industry. This is one sided viewpoint.
In one article posted by the Review Journal Nevada law makers has presented an issue regarding new insurance requirements for ride sharing drivers. The requirements is to hold a Nevada business license, and maintain proper insurance coverage. As a driver for Uber or Lyft you would be considered as an independent contractor. This means for federal taxation purposes you are a sole proprietor. Currently to operate a business in any state a business license is required. In this case a business license needs to be required.
The insurance requirement, currently Uber provides an insurance for both liability and physical damage to $1.5M. This limit presents a possibility of being under-insured. It presents a possibility of being under-insured because most livery companies maintain a minimum of $5M.
Our State government needs to let ride sharing stay in Nevada. The main important reason is for Nevada consumers. We do not need to dismantle a working program but rather strengthen the ride sharing program.