Insurance Tips for Freelancers and Gig Economy Workers

Find What You Really Need to Insure!

If there’s one thing we know, it’s that working as a freelancer or in the so-called gig economy in the U.S. is quite the adventure.

Uber drivers, DoorDash couriers, freelance programmers — all of these jobs come with big challenges.

Unlike traditional employees, who usually get a benefits package from their company (like health, life, or accident insurance), freelancers and gig workers are generally on their own.

That’s why you should check out these insurance tips for gig economy workers in the U.S.

Understand What You Actually Need to Insure

Before rushing to buy insurance, the first step is to understand your own situation. Every freelancer or gig worker has different needs.

Some coverages you might need:

• Health insurance
• Auto insurance
• Liability insurance
• Tools and equipment insurance
• Disability insurance

Health Insurance: The Most Important One

In the U.S., health insurance is pretty much a must — and a constant concern.

If you’re a freelancer or part of the gig economy, you probably don’t get health insurance from an employer, so you’ll need to get your own plan.

These days, the best way is to use the Health Insurance Marketplace, which offers a variety of plans and financial assistance for those who qualify.

Private insurance is also an option, but it’s usually more expensive.

Enrollment for the marketplace generally happens once a year during a limited window.

Auto Insurance with Work Coverage

If you drive for Uber, Lyft, or do food delivery, your regular auto insurance probably won’t cover commercial use.

That means if you get into an accident during a ride or delivery, you might not be covered — and you’ll be stuck with the bill.

Look for insurance specifically for rideshare drivers that covers commercial use.

Also, many platforms offer limited insurance while you’re “online” in the app, but coverage is usually minimal and only for certain situations. Don’t rely on that alone — get supplemental insurance.

Liability Insurance: Protects Your Money and Your Reputation

If your work involves dealing directly with clients, a mistake could end up causing damage. Liability insurance protects you against lawsuits and financial losses from third-party claims.

Freelancers often need a specific type called Professional Liability Insurance or Errors and Omissions Insurance.

It’s a smart investment — no one wants to end up owing a ton of money over a work mistake.

Insurance for Equipment and Tools

A lot of people forget that the tools they use for work need protection too — whether it’s your laptop, camera, phone, or any specialized gear.

Imagine losing your computer right in the middle of a big project? Equipment insurance can cover theft, accidental damage, and even total loss.

For gig workers who use vehicles, it might also make sense to insure specific tools — like thermal bags for delivery drivers or cleaning equipment for maintenance workers.

Disability Insurance: When Life Hits Pause Unexpectedly

Freelancers don’t get paid sick leave, so if you get sick or injured and can’t work, your income can disappear fast.

Disability insurance pays part of your income while you’re out of work due to health reasons.

There are short-term plans that cover a few months, and long-term ones that can last for years — ideal if you rely entirely on freelance income.

Organize Your Finances and Choose the Right Insurance

Before signing up for any insurance, get your finances in order and build an emergency fund.

Don’t just go for the cheapest plan and assume you’re covered. Sometimes, a cheap plan with poor coverage ends up costing you more.

Do your research, compare options, and get advice from a broker who specializes in insurance for freelancers and gig workers.

Consider Alternative Insurance and New Models

The insurance market for freelancers and gig workers has evolved a lot in the U.S.

There are now alternative options like on-demand coverage, flexible plans, and even insurance cooperatives that work like clubs.

There are also apps and digital platforms that make it easy to sign up, manage your policy, and even file claims — all fast and hassle-free.

Keep an eye on these new options — they might save you money and offer a more personalized type of protection.

Written by

Gabriel Gonçalves