Bunker, a startup broker focused on independent contractors and small businesses, sees gig workers and their workers’ compensation insurance needs as a lucrative proposition.
“Bunker has worked with leading on-demand/gig platforms, along with insurers, to develop usage-based policies that include occupational accident, contingent liability and workers’ compensation,” co-founder and CEO Chad Nitschke told Carrier Management via email. The coverage is designed for gig and on-demand platforms, targeting workers including couriers, warehouse workers, restaurant/hospitality employees and medical personnel.
Coverage demand is high. Bunker added employees to handle growth.
Bunker launched its first gig-related workers’ comp products in early 2018, covering all of the workers on two on-demand/gig platforms, Nitschke said. As of the end of 2018, that has grown to 10 on-demand gig platforms.
“In 2018, we surpassed one million hours of gig work covered and thousands of workers protected,” he said. “We expect to handily exceed those in 2019.”
Topics Workers' Compensation
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