February 25, 2024

Some Gig Driver Insurance Policies Are Going Up By 420% On Renewal

Imagine if you got hit with a 420% increase in your insurance premiums related to your Gig activities?

Insurance policies around the world are spiking for Gig Drivers and their Gig Platform partners?

Insurance premiums are increasing globally for a host of reasons unrelated to the Gig Economy, but I'm sure that the insurance companies will use any excuse to raise prices; due to the impact inflation is having across the board.

A 100 person company is closing its door because it can no longer afford the premiums.

ARTICLE SOURCE : https://www.timesunion.com/business/article/zena-logistics-amazon-delivery-layoffs-18682120.php

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