The Benefits of Pay-As-You-Go Commercial Insurance for the Gig Economy
Background
A growing on-demand staffing platform that connects travel nurses, nursing home workers, and other healthcare professionals with job opportunities faced challenges in managing a fluctuating workforce. They needed a way to minimize administrative burdens and navigate state-specific licensing requirements.
Industries
Healthcare Staffing / Travel Nurse Staffing
Coverage
Over 200 Contractors
LINES
Occupational Accident Insurance
Challenge
This staffing platform needed a scalable insurance solution that could adapt to their dynamic staffing needs and geographic expansion without incurring prohibitive costs or administrative complexity. They sought to ensure comprehensive coverage for their contract workforce while maintaining operational efficiency and compliance across multiple states.
Solution
The implementation of GigEasy's custom insurance solution yielded significant benefits:
Increased Productivity: The platform saw a 22% increase in hours worked and a 25% increase in jobs completed, reflecting enhanced workforce utilization and efficiency.
Workforce Growth: Monthly workers on the platform increased by 30%, demonstrating the effectiveness of the solution in supporting business growth and workforce expansion.
Cost Savings: By offsetting the premium costs directly to the nurses, the platform was able to save over 80% on their insurance expenses, significantly improving their bottom line.
Industry Context
In the competitive healthcare staffing industry, managing a contract workforce across multiple states can be a red tape nightmare, including licensing compliance and cost management. GigEasy's innovative solution addressed these challenges through technology-driven, scalable insurance coverage.
Travel Nursing Platform
CFO
"We are thrilled with the impact GigEasy's custom insurance solution has had on our operations. Not only are we managing our contract workforce more effectively, but we’re also seeing incredible cost savings. This solution has been a game-changer for us."
Conclusion
GigEasy's innovative insurance solution has empowered this on-demand staffing platform to overcome key operational challenges, driving measurable improvements in productivity, workforce growth, and cost efficiency. This case study demonstrates the value of our tailored insurance solutions in delivering tangible results for our clients.
