Since COVID-19, more Americans have been making the switch to independent contract and gig work, especially in the trucking and transportation space, which is changing the types of insurance coverage needed.
According to James Walloga (pictured), Allied World’s head of accident and health (A&H), this is a prime time for brokers and insurers to develop and refine occupational accident coverage programs to keep in touch with changing professional dynamics and provide better safeguards in case of a loss.
“The average salary for an independent owner operator is anywhere between $50,000 and $80,000 a year. They don’t have significant income in order to cover any medical expenses, or if they become disabled on the job,” he said. “This form of protection helps them with these potentially costly events.”
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