*By Madison Alworth* Verifly, a start-up that provides insurance for flying drones, said it will now also cover people. It will begin offering on-demand, short-term general liability insurance for contract workers and freelancers. The company's app, originally designed for the gig economy of DJs, photographers, handymen, and dog walkers, gave Verifly a leg up when it looked to expand into other types of insurance, said co-founder and CEO Jay Bregman. "This platform that we built was really a per-flight, drone insurance, and it was how we cut our teeth in building this episodic insurance," he said Wednesday in an interview with Cheddar. The contractors who were using their drone insurance were the ones who asked for coverage for their other freelance jobs. "They came to us and said, 'it's great that we have this system for the 5 percent of our work that deals with drones, but we'd like to do this for the 95 percent of our work that's photography, or construction, etc.' So we just listened." There are 57 million Americans who work as independent contractors, often on short term jobs. In the least 20 years, the number of gig economy workers has increased by about [20 percent more](https://www.cnbc.com/2016/10/13/gig-economy-is-growing-heres-how-much.html) than payroll employees. "Insurance is only sold by the year. So we stepped in to solve that problem," said Bregman. Verifly users can purchase insurance for a specific gig and by the hour. The rates start as low as $5 an hour, and they're based on a variety of factors including the type of work, the length of the project, and where the job is located. Verifly insurance is available in 11 states, and the company has plans to be available nationwide by the end of this year or early next year. Its general liability policies are underwritten by Markel Insurance Company and the drone policies are underwritten by Global Aerospace, Inc. For full interview, [click here](https://cheddar.com/videos/getting-insurance-for-your-gig).

Share:
More In Business
Supergoop! CEO Discusses Sunscreen Brand That's 100% Dedicated to Suncare
Supergoop! is a skincare brand whose products are what the company says is 100% dedicated to sun care. Amanda Baldwin, CEO of Supergoop!, joined Cheddar News to discuss why sunscreen is important to add to daily routines. "What I love about this company is ... it really is based on scientific fact," Baldwin said. "90% of the signs of aging comes from the sun ... one in five of us will be diagnosed with skin cancer in our lifetime so making sunscreen a daily habit is probably one of the most simple things you can do for your health."
More U.S. High School Grads Opt for Trade School
College enrollment rates for high school graduates in the U.S. has been on the decline since 2009. Sean Behr, CEO of Fountain a high-volume hiring platform, joined Cheddar News to discuss why high school graduates are benefitting from the value of attending a trade school, especially in today's economy.
Load More