Buckle, an insurance coverage and credit score firm particularly for the gig financial system, has expanded its rideshare and supply auto insurance coverage to U.S. drivers of Uber, Lyft, Instacart, Amazon Flex, Uber Eats, Grubhub and Favor, in accordance to a Wednesday (Dec. 15) press launch.
“One of the fastest growing occupations in the U.S., delivery drivers are in high demand, and they need comprehensive and affordable insurance coverage fast,” stated Sharon Fernandez, head of insurance coverage at Buckle. “Extending our rideshare insurance, which provides both commercial and personal coverage in one affordable policy to include food and package delivery companies, means peace of mind for gig drivers during the busy holiday season and beyond when they can’t afford to lose their car following an accident.”
Buckle rideshare and supply insurance coverage underwrites protection for gig drivers with out credit score experiences, in accordance to the announcement. The firm as an alternative makes use of star scores and driving monitor data to quote insurance coverage insurance policies.
While scores might assist gig staff get hold of extra inexpensive insurance coverage protection, gig staff represented by the Workers Info Exchange stated this week that pc algorithms can hurt their office standing with little treatment, PYMNTS reported.
The group is searching for perception about how algorithms work and extra transparency into how choices are made.
Read extra: Gig Workers Want Insight Into Platform Algorithms
The gig financial system is predicted to proceed rising by leaps and bounds. According to Techaeris, gig staff elevated by practically one-third. Today, 55 million Americans interact in gig work. Delivery driving is anticipated to improve to $200 billion inside the subsequent 4 years, in accordance to Techaeris.
Along with the necessity to present gig staff with auto insurance coverage, moveable advantages platform Stride Health is working to make medical insurance obtainable to self-employed staff.
Stride Health has joined forces with freelancer platform Fiverr to present freelance employee with entry to inexpensive care.
Related: The Great Resignation, Gig Economy Growth Fuels Demand for Portable Health Benefits Apps
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NEW PYMNTS DATA: THE TAILORED SHOPPING EXPERIENCE STUDY – MAY 2022
About: PYMNTS’ survey of two,094 shoppers for The Tailored Shopping Experience report, a collaboration with Elastic Path, reveals the place retailers are getting it proper and the place they want to up their recreation to ship a personalized procuring expertise.