Taxis have been around for decades, while Uber and Lyft are relatively new. That means taxi laws have been in place for a long time, and Uber and Lyft laws are racing to catch up. Nevada Revised Statutes Chapter 706 governs taxi drivers. Some of Nevada’s taxi laws are as old as 1971. On the other hand, Chapter 706A governs other transportation companies like Uber and Lyft. The legislature enacted many of the laws in Chapter 706A in 2015.
Taxi drivers carry different insurance amounts than ride-sharing services. Nevada law requires taxi drivers to have $500,000 in insurance, while Uber and Lyft cover drivers up to $1,000,000. However, a victim can typically recover from a taxi company any time they’re in an accident involving a taxi driver.
With ride-sharing companies, you’re typically only covered when the driver is giving someone a ride. The $1,000,000 policy applies during a ride, but there are much smaller insurance policies that may apply if a rideshare driver is in their vehicle but waiting for a customer.