Workers’ Compensation For The On-Demand Worker

Workers’ Compensation For The On-Demand Worker

One of the common questions we hear at Bunker from enterprise, staffing, and on-demand platform clients is - ‘How do we solve for the worker injury / Workers’ Compensation problem when engaging independent contractors’?  It’s a hot button topic that has tangible risk, particularly in light of the lawsuits we’ve continued to see emerge on the issue.  If you’re not asking this question already and putting a solution in place, you should be.  

The answer is complicated, not one-size fits all, and while insurance hasn’t fully kept up with the pace of change relating to contingent work, progressive insurers have both increased and evolved significantly over the past 12 months to close the gap.

Insurance As A Barrier To Talent

Insurance As A Barrier To Talent

At Bunker, we’ve spent the past 18 months understanding how insurance plays a role in industries that require it as part of normal operating procedure.  What we’ve found is that business insurance is a requirement to formalize relationships in many industries, including contingent workforce, franchising and property leasing, among others.  We've also found that those requirements are very painful for everyone involved.

Bunker Emerges Victorious After Swimming With The Sharks

Bunker Emerges Victorious After Swimming With The Sharks

On Thursday, September 14th, five leaders of startup organizations took the stage at the Staffing Industry Analyst’s Collaboration in the Gig Economy to tell why their company deserved the title of “most innovative company in staffing”.  

“Insurance was invented in the late 1600’s, and sadly, if I could wake someone up from that time period, I could probably get them fully up to speed on what has changed in about 20 minutes; not much has happened,” explained Chad as he started his Bunker pitch.  Chad then shared how Bunker is on a mission to seamlessly embed insurance when two organizations decide to do business together, like when an enterprise hires an independent contractor.

 

Bunker Advances Beyond Closed Beta and Raises $6M Series A to Accelerate Contract Insurance Marketplace

Bunker Advances Beyond Closed Beta and Raises $6M Series A  to Accelerate Contract Insurance Marketplace

Bunker, a San Francisco-based digital business insurance platform, announced today its public launch and that it has closed $6M in Series A funding.  This follows less than a year after announcing their $2M seed round and launching in beta.

This round was led by Omidyar Network, a leading venture capital firm that invests in mission-oriented companies.  Other new and previous investors - including Comcast Ventures and Route 66 Ventures - also participated in the round.  Rob Veres from Omidyar Network has joined Bunker’s board of directors.  

2016 Rio Olympics: The Working Numbers [Infographic]

2016 Rio Olympics: The Working Numbers [Infographic]

The Contingent Workforce Demands From The World’s Largest Athletic Event

When thinking about the future of work and what it might become, one plausible definition is “a never ending series of events that people choose, or don’t choose, to participate”.  In other words, together we’re building an ecosystem that supports a constant revolving door of opportunity, where any worker, at any moment, can jump in or out.

So, if the future of work is a never ending series of events, there are few larger events than the Olympics...

Bunker Origins: A Superhero Story

Bunker Origins: A Superhero Story

At Bunker, we love superheroes. We even named the customer in our first demo ‘Lois Lane’, and her persona lives on with passion inside the company today.  We love them for their humility, even though many are not human.  We love them for their diversity of powers, even though like us they all have weaknesses.  But most of all, we love them for their dedication to helping others.  And, although we may not yet be superhero status in everyone’s eyes, we are committed to helping solve real industry challenges to one day be a superhero for our customers.  

In our superhero pursuit ...

Insurance As A Barrier To Sales

Insurance As A Barrier To Sales

How to feel the joy of sales without the looming fear of risk exposure

From attracting talent to adding members, “closing the deal” is often a battle between requirements and compliance.  

At Bunker, we’ve spent the past 18 months understanding how insurance plays a role in industries that require it as part of normal operating procedure.  What we’ve found is that business insurance is a requirement to formalize relationships in many industries, including contingent workforce, franchising and property leasing, among others.  We've also found that those requirements are very painful for everyone involved. 

The Future Of Work Starts From Within

The Future Of Work Starts From Within

Building A Cultural Foundation For Growth & Evolution

At Bunker, we are stewards of the “future of work”, the concept that individuals and organizations can flourish in an on-demand economy.  Our stewardship started with many questions and few answers.  But, over time, we’ve built answers in the form of a platform, products and services to create transparency between individuals and organizations so they can reduce risk, save time and work the way they want. 

Experiments and Lessons in Recruiting

Experiments and Lessons in Recruiting

Building a successful company starts with recruiting amazing people.  In my opinion the most important decision a company makes is who they bring onto the team.  We’re getting started at Bunker on this journey, and in the process of making our first handful of hires.  Every hire in an organization is key - whether it’s #1 or #1,000, but the first handful are different.  Those initial employees become an extension and strong influence to the core DNA started by the founders.

One of the values at Bunker is transparency - this applies to how we operate internally, and also externally with customers and stakeholders.  Many of the things that we do being a startup fall into the category of experiments and lessons.  In the spirit of transparency, we thought we'd share an early one with you. 

InsurTech Startup, Bunker, Welcomes Kevin Kiser As Head of Brand Strategy & Communications

InsurTech Startup, Bunker, Welcomes Kevin Kiser As Head of Brand Strategy & Communications

Bunker, a San Francisco-based insurance technology startup, today announced that Kevin Kiser has been named Head of Brand Strategy & Communications.

In this role, Kiser will be responsible for driving Bunker’s global brand marketing and communications in support of the company’s strategic plan.  Reporting to Chad Nitschke, Bunker’s Co-Founder and CEO, he will work closely with the Bunker team to provide go-to-market guidance, client support and oversee the development, direction and implementation of all communication activities.

Bunker raises $2 million seed round for first contract-related insurance marketplace

Bunker raises $2 million seed round for first contract-related insurance marketplace

Bunker, a San Francisco based insurance technology startup, is announcing its $2 million seed funding round.  The round was co-led by Comcast Ventures and Route 66 Ventures.  Insurance carriers Hiscox and American Family Ventures also participated in the round. 

Bunker, who plans to launch its first product this summer, is initially focused on improving the experience for small business insurance.  The founding team of Chad Nitschke, Dan Feidt, and Steve Giddens have a diverse breadth of expertise across the insurance, tech, and user experience fields.