MITIGATING RISK
MITIGATING RISK
IN A GIG ECONOMY
“In a world
where, by
2020, it is
projected
that gig
workers will
comprise
almost half
of the labor
force in
the United
States,
personal risk
is at an all-
time high.”
30
O
ne of the fastest growing
economic demographics right
now is freelancers. Increasingly,
the Internet is allowing
creative and other in-demand
workers to leave the traditional workforce
and take the reins of their own businesses,
often working from home or on the road.
Ultimately, this is a great thing. It helps to
build the economy, helps create value, and
provides a service to those who need it. The
individuals doing the work gain the freedom
of working on their own time, their own
schedules, and taking the work they want to
take rather than whatever flies across their
desk.
In a world where, by 2020, it is
projected that gig workers will
comprise almost half of the labor
force in the United States, personal
risk is at an all-time high. Gig workers
have a bad tendency to not only be
uninsured but also underestimate their own
risk. This all stems from a lack of education
about insurance itself and how it may affect
them.
There are a slew of aspects to this:
•
What changes when you are running
a business out of your house? What is
covered under personal insurance and
what is under business insurance?