Contents:

2 min read

    2 min read

    Many people get into the gig economy for flexibility – flexibility of time, ability to earn, etc. But it’s clear that the gig economy also leaves something to be desired: namely, benefits. Today, I’ll be talking with Nick Katz of Kover, a portable benefits company for gig workers. 

    Want 1 Month of FREE Rideshare Benefits?

    kover You’re constantly on the go. Emergencies happen. With Kover's Financial Safety Net for Gig Workers, you can protect yourself from unforeseen loss of regular income while accessing a suite of benefits made just for you. Plus, your first month is FREE.

    Check out this episode’s sponsor, Kover. Get benefits as a gig worker, like income guarantees, sick leave, accident protection, legal assistance and more. They’ll also help you out if you get deactivated and have plans that start at just $7 a month. Use our link here to get your first month with Kover free!

    instacart

    Intro to Nick Katz

    • Head of Development at Kover
    • Spent most of his career making partnerships around the gig economy
    • Worked at EventBrite and almost every major gig marketplace
    • Kover focuses on providing a financial safety net for gig workers

    What Does Kover Do for Gig Workers?

    • Kover is an income protection product
    • If you get into an accident or deactivated, Kover replaces the income you would have earned
    • Bridge gap and prevent gig workers from going into debt
    • For drivers wrongly deactivated, Kover also works with LegalRideshare

    Origins of Kover

    • Originally began with the idea of a risk-sharing platform
    • Not hundreds of millions of dollars
    • Average drivers typically have around $1000 for a rainy day
    • However, this likely wouldn’t cover a month of not being able to work

    How Does Kover Work?

    • Integrates with gig companies – public AI
    • Drivers link their accounts, which allows Kover to validate income and remain HIPAA compliant
    • Better to sign up before you need it!
    • You can sign up after you’ve been deactivated and Kover will send a deactivation letter for you

    Employee vs. IC Debate

    • Speaking on his behalf, there should be another type of employee classification
    • Gig workers do it all – actively seeking clients, manage their own HR
    • Drivers and delivery workers outsource some of this to the apps themselves
    • Regulations have not caught up with technology

    If Drivers Became Employees, How Would it Affect Kover?

    • Working on this question right now!
    • Working with different groups in order to scale Kover up
    • ‘Third way’ of employment would be most beneficial
    • Bottom line: a new category of gig worker must work for the drivers themselves

    Outro

    • Big thanks to Nick Katz for coming on the podcast and sharing his take on the employee vs contractor debate
    • Make sure to follow RSG on YouTube for breaking news!

    Show Notes

    Harry Campbell

    Harry Campbell

    I'm Harry, the owner and founder of The Rideshare Guy Blog and Podcast. I used to be a full-time engineer but now I'm a rideshare blogger! I write about my experience driving for Uber, Lyft, and other services and my goal is to help drivers earn more money by working smarter, not harder.