Getting Insurance for your Gig

Hiring delivery contractors is a big part of getting into new markets for food delivery companies such as Grubhub, Uber, DoorDash, and Postmates . A new state law in California will extend wage and benefit protections to millions of workers. The legislation expected to go into effect early next year, and could spell trouble for companies relying on the gig economy. John Egbert, Analyst at Stifel, joined Cheddar to discuss how the law will impact delivery companies.

Verifly started out by selling per-flight insurance plans for people using expensive drones but has now expanded to offering short-term insurance for all types of workers in the gig economy.

Uber announced it was laying off 435 employees in its product and engineering departments on the same day California's Senate passed a bill that forces the ride-hailing giant to classify workers as employees. Business Insider transportation reporter Graham Rapier breaks down the company's internal restructuring.