4) Income Protection and Disability Insurance
Challenge: Gross income instability is often experienced by gig workers because gigs are temporary. When they fall ill or are injured, no safety net is provided.
Shift: Insurance providers now provide short-term income protection or disability insurance plans customized for freelancers. The plans provide pay when a worker has episodes of illness or disability and cannot perform gigs.
5) Commercial Auto Insurance
Challenge: Many gig workers, such as rideshare drivers and delivery couriers, use personal vehicles for work. Personal auto insurance typically does not cover commercial use.
Shift: Insurance companies are evolving hybrid or gig-specific auto policies that combine the elements of personal and commercial auto coverage, or "rideshare insurance," that will be in force while workers are driving for platforms like Uber or DoorDash.