Aon has entered into a brand new business partnership with Bunker, a enterprise insurance coverage and compliance platform for unbiased employees and enterprises, to target the rising on-demand, sharing economy.
The settlement supplies Aon and its shoppers with entry to Bunker’s compliance platform and Live Certificate of Insurance, which ensures an organisation’s contractors, unbiased employees, and distributors are compliant with insurance coverage requirements in real-time.
In return, Bunker might be in a position to develop its attain by Aon’s enterprise community and danger administration experience.
“Working with Bunker provides Aon with capabilities to serve Digital Economy players,” mentioned Jillian Slyfield, Aon’s Head of the Digital follow for its US Commercial Risk workforce.
“The growth of the on-demand economy is changing the way many people work, and we are excited to partner with Bunker to better serve this growing segment of workers,” she added.
The on-demand economy is fast-growing, with about 56.7 million Americans (35% of the U.S workforce) working independently in 2018, in accordance to a survey by The Freelancers Union and Upwork.
Aon and Bunker imagine that insurance coverage has been a main barrier to how an organisation manages their contingent labour.
Their partnership will allow Aon to assist its shoppers handle proof of insurance coverage in real-time, streamlining a course of that has traditionally been handbook.
In addition to automating the insurance coverage verification course of, contractors and distributors are in a position to simply comply with necessities by usage-based insurance coverage merchandise which might be embedded digitally in an organisation’s onboarding course of.
“We’re grateful for the opportunity to work with Aon and help serve clients in the dynamic and expanding on-demand economy,” mentioned Chad Nitschke, Co-Founder & CEO of Bunker.
“Whether you’re a gig economy platform, a Fortune 500 company leveraging contingent workers, or a general contractor managing subcontractors – Bunker ensures that your independent workforce is instantly insured and 100% compliant,” Nitschke continued.
“Matching Aon’s scale and expertise with Bunker’s technology is a win/win for those companies.”
Headquartered in San Francisco, California with a second workplace in Madison, Wisconsin, Bunker is backed by traders together with Comcast Ventures, Route 66 Ventures and Spero Ventures, in addition to insurance coverage firms corresponding to American Family Ventures, Chubb, and Hiscox.