Insurance is vital for gig workers because they lack consistent employer-provided benefits.
The gig economy refers to a labor market characterized by the prevalence of short-term contracts or freelance work, as opposed to permanent jobs. In this economy, workers are paid per gig or job, such as a ride-share driver getting paid for each ride or a freelance writer compensated per article.
If you are one such worker, traditional employment benefits like health insurance or disability coverage are usually not available. Hence, personal insurance planning becomes critical to ensure your financial security and safeguard against unexpected challenges.
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