More than 36% of the United States workforce comprised self-employed gig workers in 2020. Now, 57 million Americans are involved in the gig working community, which is expected to grow to approximately 87 million by 2027. The gig economy also contributes an estimated $1 trillion to the US economy annually and is only expected to grow over time.
As more gig workers and independent contractors seek contractual employment and take to the streets delivering food, goods and people, what do they need to know about their current auto insurance policies? Will their insurance companies protect them if they’re in an accident while they do their side hustle?