June 20, 2013
Work Market and insureon partner to Streamline Process of Securing Insurance for Freelancers
Onsite insurance applications let freelance community members secure insurance quickly to boost their chances of landing jobs.
NEW YORK—June 20, 2013
Online freelance marketplace Work Market (workmarket.com) today announced a partnership with insureon, the nation's leading online agency for micro-business insurance. Starting this week, professionals who find work through Work Market will be able to secure business liability insurance through insureon's online application, completing in a matter of minutes a process that previously took days or longer. The partnership combines the innovation of Work Market's virtual jobs community and the convenience of insureon's all-online insurance services to enable freelancers to secure the coverage that's often a prerequisite for the most lucrative work contracts.
Work Market, the world's leading freelance marketplace management platform, provides enterprises with processes and systems to help manage their workflow. "Given the community aspect of our marketplace, it's up to us to develop the tools and partnerships that support and enable all participants, " said Jeffrey Leventhal, Work Market CEO. "Many of the enterprises that post jobs require that their freelancers and contractors carry liability insurance, and now they can easily secure that coverage without going on a wild goose chase around the Internet."
Traditionally, business insurance has been difficult to secure for entrepreneurs and owners of micro businesses (those with 10 or fewer employees). Many traditional insurance agencies lack the resources and expertise to assess the risks of small enterprises and don't have access to carriers willing to cover them. Micro-business owners interested in finding coverage traditionally had to spend hours on the phone trying to find insurance that both covered their risks and suited their budgets.
Insureon is unique because it provides insurance solely to owners of small and micro businesses. By establishing relationships with several A-rated insurance carriers, insureon has secured an insurance market for entrepreneurs in a variety of industries. Its online-only model ensures a swift, streamlined application process and provides business owners with real-time quotes for a variety of types of business insurance (including General Liability, Errors & Omissions, and BOP). Applicants often enjoy coverage within 24 hours of submitting an application.
Ted Devine, CEO of insureon, noted that for the more than 20 million micro-business owners in the U.S., a single project or client can make or break an entire month's finances. "Often, the deciding factor in whether a contract goes through is whether or not the business owner has insurance," he said. "We're thrilled to be able to make the process of securing work contracts easier for the innovators who drive economic growth in the U.S."
Business owners who have already secured insurance through the insureon / Work Market partnership praise its efficiency. Jay Mikulovich, owner of Wylie, Texas-based Revival Technology, LLC, said he appreciated that the process of finding insurance for his system integration business was "quick, seamless, and so easy." He noted that he had previously tried to find insurance with other agencies, but, he said, "It was so slow. Here [on the insureon / Work Market application], you put in all your information and you get a call from your agent with quotes. It was so easy."
Work Market users can search for insurance by completing the insureon application on www.workmarket.com.
About Work Market
Work Market (www.workmarket.com) is a leading enterprise-class platform and marketplace for the management of contractors and freelance labor. Businesses of all sizes use the Work Market Platform to drive scalability, increase productivity and enhance quality while dramatically reducing costs. Work Market's platform simplifies and maintains the complete lifecycle of the labor process, including the selection and hiring of contracted resources, management of labor, payment and legal compliances. Work Market supports all legal labor classifications and successfully withstands high-volume payment terms. New developments and features are added daily based on customer necessity, allowing Work Market to sufficiently serve the labor marketplace.
Insureon, the leading online business insurance agency for small business, specializes in serving the fast-growing micro-business sector, which includes the self-employed and companies with 10 or fewer employees. Insureon allows small businesses to apply online for insurance and receive multiple quotes from leading insurance carriers—completing in minutes a process that otherwise would take a week or longer. For more information, please visit insureon's website.