Field Nation, the leading marketplace platform for contingent and on-demand workforce management, announced the addition of professional liability insurance that covers buyers and freelancers when work is completed on the FieldNation.com platform.
The additional coverage expands the general liability insurance, which was an industry first when launched in March 2015.
The Field Nation Platform Insurance Program covers all general liability and professional liability claims for work done on the platform in an innovative, pay-per-gig model. The additional professional liability coverage is available at no additional cost to freelancers on the platform.
"Quality work in the gig economy leads to trust and long-term relationships between organizations and their contractors," said Mynul Khan, CEO at Field Nation. "Most contractors on the Field Nation platform upload their own insurance certificates. The added professional liability coverage removes an additional barrier to work, adds greater protection for freelancers and creates further confidence among business decision makers that the contractors they engage with are adequately insured."
It is common for mid-size to large organizations to require proof of insurance from contractors for each engagement. The Field Nation insurance offering enables businesses to partner with contractors knowing each assigned project is properly covered. As professional contractors and – in many cases, small business owners – proper insurance not only protects initiatives and growing business practices, but also ensures their insurance is universally accepted across all platforms.
"With the added insurance offering, we enhance the integrity of the Field Nation promise to provide a safe platform where buyers and providers can conduct business," added Khan. "Skills, professionalism and responsible business practices are the best tools contractors can offer to ensure great outcomes with each project they complete for their customers."
Field Nation is the most complete Freelancer Management System (FMS) and SaaS-based project-management solution available. The company is headquartered in Minneapolis, has more than 100 employees, and was listed on the 2013 and 2014 Inc. 500 list of fastest growing companies.