Blink by Chubb has announced the launch of Blink Paycheck – a new income protection insurance product that can help keep consumers’ lives on track when they are sick or injured and unable to work.
The new product is currently available in 37 states and provides benefits of up to $2,500 per month if a person cannot work due to an injury or illness, and is under a doctor’s care.
Market research conducted by Blink showed that for many self-employed workers, insurance is not just about protecting themselves, but it is also about providing for their family too.
Moreover, Blink Paycheck provides both freelancers and gig workers with the peace of mind that they will have benefits that can be used to continue to meet their financial responsibilities, such as rent, car loans and monthly groceries if they are unable to work because due to sickness or injury.
Additionally, through the use of API integration, gig economy platforms, affinity partners and digital brokers can quickly and easily embed Blink Paycheck income protection as well as Blink Cyber directly into their digital environment, which will provide added value to workers.
“The nature of work shifted dramatically during the pandemic, with significant growth of the gig economy and many freelancers working without employer-sponsored benefits,” said Leslie Marshall, Senior Vice President, Head of Blink by Chubb.
“Blink Paycheck can provide gig marketplaces with a much-needed income protection safety net for their providers and independent workers in the event they are sick or hurt and can’t work.”