Uber is finding that insurance is no sideline issue for a business; it’s a key consideration. The firm has found itself under fire in at least two jurisdictions in the past week. Firstly in Ontario where the Superior Court Justice James Diamond ruled Friday that details of the firm’s insurance policy will not be kept secret under a court seal; Uber had sought the judgement claiming that it needed to be protected for business reasons. The judge said he was not satisfied that there would be an advantage to competitors of the policy being public and that an insurance policy was not an innovative new product but a contract that can be changed from time to time. The policy is part of the evidence in a case brought against Uber by the City of Toronto arguing that it should be licensed as a taxi firm must; Uber says it is a technology firm and should not.
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