Toronto has had bylaw regulations in place for Uber and other Transport Network Companies since July 15. However, Uber is not yet required under the law to carry out the regulations as the company has not yet been issued a TCN license.
In a rather embarrassing twist, the ride-sharing giant is still operating without regulations in Canada’s largest city. Toronto has been among the most proactive municipalities when it comes to trying to push regulations for ride-share companies. Of course, the city, like others in Canada, was greatly opposed to Uber operating illegally and tried to close the company out of the city.
But in terms of seeking regulations, Toronto’s council has known for some time that the sharing economy is too good to pass up.
However, 2016 has seen the city slowly find a solution to how to regulate Uber. As has been the case elsewhere in the country, the regulations created were not accepted by the taxi industry, and were treated cautiously by Uber. However, the company did agree to them and should now be operating within the guidelines of the bylaw.
Instead, Toronto’s dithering over a TCN license means Uber drivers are still unregulated and probably uninsured. The regulations state there should be a minimum $2-million commercial liability insurance coverage, vehicle standards and condition requirements.
The city says the license should come by the end of the month:
“It has been two weeks since the bylaw has been in place and Uber continues to flaunt the law just as they have done in the past,” Toronto Taxi Alliance spokesperson Sam Moini stated to CP24. “They should have their license in place, they should have their drivers insured and they should be having their vehicles inspected today.”
Uber has proved that its drivers can be insured thanks to specialized coverage from Intact Insurance, which launched in Ontario last month. Aviva Canada also has ride-sharing coverage and has made its solution available since March, when it was approved by the Financial Services Commission of Ontario (FSCO).