ABEN - Gigs and Side Hustles – The Insurance Issues
Webcast, Remote
Wednesday, February 08, 2023
1:00 PM - 3:00 PM
iCalendar
Central Standard Time
2 CE Hours
Members $48 / Non-members $68
Provided by ABEN, The Agents and Brokers Education Network
Presenter - Richard Pitts
This seminar is a fast-paced look at the personal and commercial lines insurance issues that have been created in the gig economy. The first section of the seminar looks at standard definitions and characteristics of the sharing and the gig economy, chiefly by using examples. Of course, the behemoth in the group is Uber. It is also the paradigm for the gig and sharing economy. Private drivers use their own private vehicles to act like a taxi service. Apps such as Touro permit private drivers to use their vehicles for rental, much like Avis or Hertz. The sharing economy is not limited to vehicles, however. In a similar vein, homeowners can use their residence as a hotel by renting it out for short periods of time via Airbnb or VRBO (Vacation Rentals by Owner).