The gig economy is no longer a fringe trend—it’s become a core part of how businesses operate across Colorado. From food delivery and rideshare services to contractors handling last-mile logistics, more companies are relying on non-traditional workers to keep operations moving. But this shift raises new questions about commercial auto insurance and how businesses can manage risk.
Why the Gig Economy Impacts Business Auto Needs
2. Contractor Relationships and Liability
When businesses rely on contractors for deliveries or transport, it’s important to understand who carries the insurance. Misaligned expectations or unclear contracts can lead to disputes if an accident occurs.
3. Rising Delivery & Transportation Demands
Colorado’s growing population and demand for quick delivery—especially in metro areas like Denver, Boulder, and Colorado Springs—mean more vehicles on the road. That increases the potential for accidents, making it even more critical to ensure proper insurance is in place.
Key Considerations for Colorado Employers
- Hired & Non-Owned Auto Coverage (HNOA): This coverage helps protect businesses when employees or contractors use personal vehicles for business purposes.
- Contract Reviews: Clear agreements that define insurance responsibilities can help prevent costly misunderstandings.
- Risk Management: Tracking who is driving, how often, and for what purpose can help employers better understand their exposure.
The Bottom Line
As the gig economy continues to grow in Colorado, businesses face new challenges when it comes to commercial auto insurance. Ensuring that your coverage reflects today’s workforce—whether employees, contractors, or gig drivers—is essential for protecting both your company and the people who represent it on the road.
At Conexus Insurance Partners, we help Colorado businesses evaluate their auto coverage needs and explore options that align with their operations and risk tolerance.
👉 Want to learn more? Contact a Conexus advisor today to discuss how commercial auto coverage fits into your overall risk management strategy.