How the Gig Economy is Reshaping Insurance Needs
The boom of the gig economy is significantly transforming the business landscape of insurance as it produces new challenges and demands for coverage. Traditional employment provides so-called benefits, such as health insurance, workers\' compensation, and unemployment insurance. All are provided by employers. Gig workers, technically categorized as independent contractors, typically miss these benefits. This has brought on a shift in types of insurance products needed for gig workers and new ways of structuring policies by the insurance providers.