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Insurance for Airtaskers

'Airtasking' is a great way to work your own hours, but what happens if an accident happens on the job?

Airtasker is an online community marketplace where people and businesses can sign up for jobs or hire flexible staff in a matter of minutes. It’s an innovative startup that’s disrupting the casual employment scene in Australia, but what happens if an Airtasker is injured on the job?

What types of insurance should Airtaskers consider?

As an Airtasker, you are exposed to the same kinds of risks as any person who works for themselves. You could be involved in an accident that leaves you injured or disabled, you could find yourself unable to work due to injury or illness, or you could be sued by someone who claims your incompetence or negligence caused them to suffer a loss.

So, just like any sole trader, it could be a good idea to cover yourself with the following types of insurance:

InsuranceMain risk coveredDetails
Damage or injury to third parties
  • Protects you from the risk of being held legally liable for losses incurred by a third party as a result of using your services.
  • Pays a benefit if you are injured or disabled as the result of an accident.
Illness and injury
  • Replaces up to 75% of your income if you are unable to work due to injury or illness.

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If you are ready to speak with a consultant about different business insurance options available, simply enter your details in the form. Keep reading if you want to learn more about the different types of cover available.
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Compare income protection insurance brands

Name Product Short Description Maximum Monthly Benefit Maximum % of Income Covered Maximum Benefit Period Waiting Period
Get income protection cover (up to 75% of your income) without a medical test. Plus, Medibank health insurance members can save 10% off premiums.
5 years
30 or 90 days
Cover up to 85% of your Income (up to $10,000 per month) if you can’t work due to sickness or injury. Cover for 1,000 job types - full-time, part-time and self-employed.

5 years
14, 28, 60, or 90 days
Exclusive to Finder: Get a $100 eGift card with NobleOak Income Protection. Offer ends 7 Feb 2019.
2 years or to the age of 65
30 or 90 days
Cover up to 75% of your monthly income if you can’t work due to illness or injury, up to a maximum of $10,000 a month.
5 years
30 or 90 days
Receive up to 30% off in your premiums if you’re in good health and meet BMI qualification tests. T’s and C’s apply.
24 months
14 or 28 days
Take out a policy and get a $100 bonus gift after holding cover for 2 months. T's and C's apply. Offer ends 31 March 2019.
5 years
14, 28, 60 or 90 days
Cover up to 75% (to a maximum of $10,000) of your monthly income with Guardian Income Protection.
5 years
30 or 90 days
Join Qantas Income Protection and earn up to 100,000 Qantas points. T&CS apply including minimum premium and policy hold periods apply to earn points.
5 years
2, 4, 13 weeks or 2 years
Fast online application - no phone call needed. Cover up to 85% (to a maximum of $42,000) of your monthly income with Aspect Income Protection.
5 years
14, 30, 60 or 90 days

Compare up to 4 providers

Does Airtasker offer any insurance themselves?

You can purchase all three types of cover directly through Airtasker, which uses CGU Insurance to underwrite its policies.

Liability insurance

Cover of up to $10 million for liability to third parties if you injure them or damage their property while performing an Airtasker activity. Covered activities include approved tasks within the home help, handyman, moving, business, tutoring, beauty, health, food and entertaining services.

Personal accident insurance

Provides a lump sum of up to $100,000 for permanent injuries resulting from an accident on the job or while commuting to or from the job. These range from 100% of the benefit for death, disablement, paralysis, insanity, loss of sight in one or both eyes and loss of use of one or two limbs down to smaller percentages paid for losing the use of fingers or toes.

A lump sum payment of up to $6,000 is also paid for accidentally broken bones, ranging from 100% of the benefit for a complete fracture of the neck, spine or skull down to 10% per fractured finger, thumb or toe.

Income protection

Provides an ongoing benefit in lieu of income while you’re injured and unable to work. You can choose the type of cover and benefit paid to suit your task activity, with a choice of:

  • While You Work Cover. Pays a benefit for lost income due to an injury you receive while completing an Airtasker job.
  • 24/7 Cover. Provides cover 24 hours a day, 7 days a week for losses that result from an injury sustained while working for Airtasker or for other nominated platforms.

The amount of benefit paid depends on your income, which is based on your average earnings over the 10-week period prior to your injury. Or if you have been working less than 10 weeks, your income is averaged over the total time since you started working with Airtasker.

The exclusions that apply to Airtasker’s personal accident insurance also apply to their income protection policy, both of which are issued by Roobyx.

Should I get cover through Airtasker or look for my own?

The advantage of taking out insurance through Airtasker is that you have all your cover in one place and it’s specifically tailored for Airtaskers. You also have the advantage of flexible “pay as you go” premiums, which fluctuate along with your income.

One possible downside is that you are only covered while performing Airtasker jobs. To overcome this you could opt for their 24/7 Cover, which covers you when working for other nominated platforms as well, or take out accident and income protection insurance with another insurer.

But if your primary source of income is through Airtasker then, providing you only perform tasks that are approved in your policy, you will have peace of mind knowing that you are fully covered against injury, loss of income and legal liability every time you go to work.

Speak with an adviser and find the right life cover

Picture: Annie Gray-Unsplash

Maurice Thach

An insurance researcher and writer for finder.com.au who loves finding an answer to the question "Am I covered for ________?" Maurice has also completed a Tier 1 Life Insurance and a Tier 2 General Insurance Certification under ASIC's Regulatory Guide 146. This means he can confidently provide general advice for life insurance and non-life insurance products.

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