Resources for Helpers: Accident Insurance

As independent business owners, users of the Taskrabbit Delivery Platform who are registered as Helpers and Hands are free to set their own hours, choose their own jobs, and are their own boss. This freedom also means that Helpers and Hands are responsible for taking charge of their own business risk management and health security. 

We’ve compiled this resource on occupational accident insurance (OAI) to assist Helpers and Hands who may be considering purchasing this sort of insurance for their business.

What is Occupational Accident Insurance?

OAI is a specialized type of coverage that typically provides benefits to workers, like independent contractors and gig workers, who are injured while performing their occupation.

• It functions as an alternative to workers' compensation for non-employees, typically covering the medical bills and lost income associated with an on-the-job injury.
• It is different from general health insurance, which often excludes injuries sustained during work. OAI helps ensure coverage for occupation-related accidents.

What Does Occupational Accident Insurance Typically Cover?

OAI policies are customizable, but they typically provide benefits directly related to an occupational injury:

The Case for Obtaining Occupational Accident Insurance

1. Workers' Compensation Exclusion: Independent contractors are typically excluded from state-mandated workers' compensation programs, which only cover traditional employees. Without OAI, independent contractors are typically personally responsible for all medical costs and lost income resulting from occupational accidents.
2. Health Insurance Gaps: Many personal health insurance plans contain language that exclude or limit coverage for occupational-related injuries and illnesses. OAI closes this critical gap.
3. Financial Protection: An OAI policy can prevent an occupational accident (such as a slip, fall, or lifting injury) from turning into a devastating financial setback due to medical expenses and lost work time.

How to Get a Quote and Purchase a Policy

OAI is widely available through commercial insurance carriers and brokers who specialize in the independent contractor and gig economy space. To begin exploring options, Helpers and Hands may consider:

• Contacting a Licensed Insurance Agent: An independent insurance agent specializes in helping individuals and businesses find the right coverage. They can compare quotes from multiple providers and help explain the nuances of different policies.
• Directly Contacting Insurers or Online Brokerages: The websites of many commercial insurance companies and online brokers who specialize in small business and independent contractor insurance provide quotes and policy acquisition.