Two thirds of freelancers have not had support from the Government since the start of the pandemic
- PeoplePerHour and Indeez Partnership ensures freelancers are financially protected should they contract Covid-19
- For the price of a coffee, the package covers people who are unable to work or hospitalised following a positive PCR test
- Over two thirds of freelancers have received no support from the Government since the start of the pandemic
UK’s leading 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.
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. Subscription to the 3-month protection has a low monthly cost with the product offering a lump sum benefit of up to £1,000 / €1,000 in the event of an inability to work due to contracting Coronavirus.
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 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.
For more information about #CoviSure, please visit #CoviSure
PeoplePerHour is the UK’s leading freelance marketplace. Founded in 2007 the site boasts over 4m users across 150+ countries, and has paid out in excess of £130m to freelancers since.
Since its inception PeoplePerHour has become an invaluable resource for small businesses in the UK and outside, allowing them to hire expert talent as and when needed, ‘on-demand’ thereby staying lean and flexible while they grow.
The company’s mission is to empower entrepreneurs around the world to turn their bright ideas into reality, helping launch and grow their business from the ground up.
Indeez is a new European insurtech startup based out of Paris, France which aims to fix income protection gaps for independent workers and help them reach their full potential. It is backed by Mosaic Ventures, who led a significant seed funding round earlier this year along with several notable angel investors. The founding team has a unique experience of developing innovative protection offering for digital communities at scale, including the largest gig protection program for ride sharing and for ride-hailing globally.