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How the Gig Economy Is Upending Worker’s Comp
The question of whether gig workers are employees or independent contractors has implications for Workers' Compensation insurance.
While the Workers' Compensation market appears to be healthy, there might be another side to the story. The statutory market is a popular place for U.S. insurance companies and managing general agents (MGAs), because of its consistent profitability and despite steadily decreasing rates and premiums.
Even though we have a good idea of where the market has been, there is no clear indication of where it will be in the future. As an extremely long-tail market, it can be challenging to predict what lies ahead for the Workers' Comp line of coverage.
Listen to our panel of Workers' Compensation experts as they discuss all things Workers' Comp and provide their insights on the state of today's market, and what you and your clients may expect to see next.
This webinar covers:
The question of whether gig workers are employees or independent contractors has implications for Workers' Compensation insurance.
California accounts for 12% of the US population, but 24% of the US marketplace for Workers' Compensation Insurance.
While Workers’ Compensation insurance remains profitable for US insurance companies, there's concern about the increasing severity of claims.