Transport for London is trying to terminate Uber’s taxi operating license, claiming there have been issues with safety of passengers and the security of the app. This is not the first time the government has threatened to remove their license. In 2017, London revoked their license due to the same security reasons, however, Uber countered and was granted a 15-month license once they increased their regulations and supervisions. How would your business be affected if it lost a license that was imperative to your operations? Through Oxford’s Actual Net Loss Policy’s Loss of Market coverage, clients can recover the income lost due to these types of events.
Call Oxford today to see how our Enterprise Risk Management Solutions complement your Commercial Insurance Program to ensure that events like these are covered.
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