INSURANCE SERVICE FOR GIG WORKERS
Verifly, the first and only platform to offer short-term liability coverage for small businesses and independent workers today announced that it has expanded and rebranded to become Thimble, supported by $22 million in Series A funding. The funding was led by IAC, with participation from existing investors including Slow Ventures, AXA Venture Partners, and Open Ocean.
“We’ve reinvented insurance to make it simple, enabling small businesses to succeed on their own terms and take advantage of the flexibility and technology driving the modern economy,” said Thimble co-founder and CEO Jay Bregman. Recognizing a fundamental shift in the nature of modern work, Thimble broke the mold by introducing short-term micro-policies for purchase by the hour, day, week, month or year — all available in seconds via their app, web, and partner APIs.
“Thimble is just the kind of company IAC likes to back – a smart team with a disruptive technology that aims to shake up a traditional category,” said Michelle Arbov, Head of M&A, IAC. “Jay and team are poised to redefine insurance coverage for the modern workforce – we’re excited to see what they can do.”
Thimble offers affordable, flexible, by-the-job coverage to fit the dynamic nature of small businesses in the gig economy. Insurance is available for more than 100 different professions including handymen, landscapers, DJs, musicians, beauticians, and dog walkers.
ON DEMAND HEALTH PLATFORM FOR GIG WORKERS
JAUNTIN’, provider of an on-demand insurance platform and a 2018 Global Insurance Accelerator alumni, is pleased to announce the launch of a new on-demand health program, BasiCare Plus specifically designed for freelance, gig economy, or self-employed workers who do not qualify for health insurance under an employer-employee relationship.
Powered by MDLIVE for tele-med services and MedTrakRx for prescription coverage, JAUNTIN’s BCx provides unlimited prescription drug and tele-med/tele-health services to individuals and family members at affordable monthly rates without the need to be part of a large employer group. Via BCx, JAUNTIN’ is simplifying health programs for freelance or self-employed workers by enabling individual or family coverage to be acquired 100 percent online and made active within two business days. There is no medical exam required, no co-payments due when service is rendered, no age limits on who is eligible, and no hidden fees.
NEW SIDE HUSTLE SURVEY IN CANADA
One-in-three working Canadians are managing their own side business and 42 per cent are working more than one job, according to a new Sage Survey in Canada, in partnership with Angus Reid Global, a market research agency. In addition, one in six working Canadians have participated in the gig economy.
Side hustles create an alternative path for working Canadians seeking a career change. For those working Canadians who have yet to start a side hustle, more than one-third (35%) are actively working on or considering setting up a business. In fact, 58 per cent would start a business in a sector different than their current one.
The survey, conducted from August 22 to 26, 2019, solicited responses from 1604 working Canadians across the nation, holding full-time or part-time positions or are self-employed, as well as 624 business owners with one or more employees. It found these current or would-be side hustlers are primarily motivated by their desire:
“The entrepreneurial spirit in Canada is stronger than ever,” said Paul Struthers, EVP and Managing Director of Sage in Canada. “There’s a clear desire and energy for side hustle amongst Canadians, which tells us that they see real opportunities ahead in finding new customers and underserved markets. Business leaders and governments should do everything possible to help foster these ambitions, so that we can create more jobs and opportunities for our next generation.”
STATS IN TEXT RECRUITING
As SMS gains more steam for text recruiting, platform provider Emissary has a new post on som eof the eye-opening statistics around texting your candidates.