UK freelance marketplace, PeoplePerHour has partnered with new insurtech Indeez to create #CoviSure – the first insurance package for independent workers who are unable to work due to Coronavirus. It will be rolled out across the UK and France for £3.99 a month (€4.99 a month in France).
This partnership has been announced following research by PeoplePerHour of 500 respondents shows 89% of freelancers are concerned about losing income when they suffer from Coronavirus. The survey also found that over two-thirds of freelancers have not had support from the Government since the start of the pandemic.
Currently, freelancers and the self-employed have no entitlement to Statutory Sick Pay, which means many will be left without any income should they contract the virus. With #CoviSure, PeoplePerHour and Indeez will ensure freelancers are financially protected mitigating income loss and providing peace of mind for independent workers while they take time to rest and recover.
Xenios Thrasyvoulou, Founder and CEO of PeoplePerHour comments: “We take our responsibility to our freelance community very seriously. Partnering with Indeez to offer the industry’s first Covid cover specifically tailored to their needs, is another great step towards achieving our mission. Indeez has put together a highly accessible and flexible monthly package that we believe will be crucial to our freelance community, giving them the confidence that they and their income are covered during this difficult time.”
The innovative income protection policy, underwritten by Chubb, will pay out if a freelancer is unable to work due to hospitalisation or if they have to self-isolate following a positive PCR test for Covid-19. The product is also available directly on the Indeez platform.
“The lack of availability of income protection for independent workers needs to be urgently addressed by private and state actors collectively. At Indeez, we believe that with #CoviSure, we are building a pan-EU, cross-industry coalition, that will stand to empower independent workers in their everyday lives. What we do in Europe, we hope will be a model for other regions of the world” said Vikas Chhariya, Founder & CEO, Indeez.