Platform Economy Insurance
Platform economy companies facilitate connections between service providers and customers, taking a cut of the transaction cost in the process. Often referred to as the gig economy or the sharing economy, the platform economy is disrupting multiple industries and revolutionizing how assets are shared and goods and services exchanged. This industry has seen remarkable growth, expanding from $14 billion in 2014 to an estimated $335 billion by 20251.
At Travelers we understand platform exposures. After all, platform companies are technology companies, and we have a 35-year legacy of working in tech to understand and manage risk exposures. Check out our leading-edge coverage options for platform economy companies.
Insurance solutions for high-tech organizations must be customizable to meet each company's unique coverage needs, from general liability and cyber to global coverage for multi-national platforms.
Which types of platform economy companies is this right for?
- Home sharing
- Shared workspace
- Shared food
- Food prep
- Vehicle sharing
- Vehicle subscriptions
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