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Gig Economy Needs Protection

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min read
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Aug 1, 2022
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Written By:
Patricia Opsima
Insurance and the Gig Economy

The gig economy has been around for years, but it's only recently that we have come to realize its importance in our modern economy. The gig economy allows workers to be more flexible with their schedules and take on more jobs at the same time. However, it also exposes them to unfair treatment by employers or customers who don't respect the rights of workers. In order to make sure that everyone gets fair treatment in the gig economy, we need new laws that protect these workers

Gig Economy Needs Protection

Importance of Insurance for the Gig Economy

In the gig economy, people make money from their personal skills and interests. This can include doing a job like driving for Lyft or delivering food for Postmates, writing articles for websites such as Medium, or even doing data entry at home.

Health insurance is something you buy to protect yourself in case of injury or illness. If you get hurt on the job, health insurance might pay for your doctor visits and medications until you can return to work. The same goes for travel insurance: if your flight gets delayed or cancelled because of bad weather conditions, a travel insurer will give you some money to help with expenses while waiting around at the airport hotel until another flight becomes available.

It's important that everyone has some kind of coverage because accidents happen all the time—even if they don't seem like accidents when they're happening! In fact, there are many cases where only luck kept someone from getting hurt worse than they did; sometimes, these situations were entirely out of control, but other times there was just one tiny detail about how things happened, which could've changed everything…and maybe saved lives too!

The gig economy is growing by leaps and bounds, but freelance workers need to protect themselves with insurance.

The gig economy is growing by leaps and bounds

The gig economy is growing by leaps and bounds, but freelance workers need to protect themselves with insurance.

The gig economy is booming in Australia and beyond, with many Australians turning to freelance to supplement their income or make a full-time living. And while it can be lucrative and rewarding for some, there are also risks involved that should not be taken lightly. Freelancers should consider purchasing health insurance to protect themselves from unexpected medical expenses that could otherwise ruin their finances if left unchecked.

In the United States (US), nearly 20% of those who work have turned toward freelancing as a primary source of income—and that number is only expected to rise as more people look for flexible ways to make ends meet during tough economic times. The same holds true in Europe: Germany alone has seen its freelance population increase from 9 million in 2002 to 13 million by 2015—more than one-quarter of its entire workforce!

The gig economy is growing, and freelancers need insurance.

Gig Wrokers Need Insurance to Protect Them

The gig economy is the fastest-growing segment of the workforce and shows no sign of slowing down. Freelancers now make up more than a third of all workers in the US, and that number is expected to grow significantly over the next few years.

While freelancers often have great flexibility in choosing what they want to do, they also need protection against accidents, illness and injury while they’re working. So how can you keep your freelancers safe?

The best way to protect your freelance workforce is through a quality insurance plan specifically tailored for their needs. For example:

Key Takeaway:

The gig economy is growing by leaps and bounds, but freelance workers need to protect themselves with insurance. The gig economy needs protection because of the lack of benefits and other protections for freelancers. Freelancers have traditionally been considered independent contractors who are not eligible for health care coverage or other benefits like paid holidays off work or parental leave. However, this may soon change as more states move towards legislation that would require employers to provide these benefits for their employees.

Patricia Opsima

SEO Specialist
Gig Economy
Gig Platforms
Gig Work

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