What is a rideshare company?
Rideshare companies (also known as Transportation Network Companies or Peer-to-peer ridesharing) provide driver-for-hire ridesharing services to consumers by contracting with freelance drivers who use their personal vehicles to transport passengers. This service is provided through a smartphone app that is convenient and often inexpensive. Simply pull out your phone, request a ride, and within minutes you’re on your way. Once you arrive at your destination, simply get out and move on with your day. The app handles the payment automatically. They are extremely convenient and easy to use. But there are also some serious concerns about how these services operate, how they screen their drivers, and how they protect their customers if there’s an accident.