GlobalData’s survey reveals low insurance penetration in the UK gig economy. Acorn Group’s new Street Cover offers hire-and-reward coverage for food delivery and courier drivers. Over half lack work-related insurance, leaving them financially vulnerable. The surge in gig work, driven by economic factors, highlights the need for better insurance awareness. Acorn Group aims to bridge this gap with affordable and accessible coverage through Street Cover. Collaboration with gig-economy platforms could further increase insurance uptake and protect drivers.

Read more at Yahoo Finance: Acorn Group’s Street Cover tackles underinsurance in the UK gig economy