The first ever Canadian Sharing Economy Symposium was held on December, 2nd in Toronto. The Canadian Sharing Economy Symposium drills down into how the new Sharing Economy platform business model is disrupting traditional businesses. Melissa Neis, Vice President of Parr Insurance was one of the panelist present at the Symposium. Important questions were directed towards Melissa which tackle the a lot of issues of the emerging Sharing Economy. Questions such as:
What does it take to build an insurance program for the sharing economy and what are some of the difficulties you face?
What are some things that businesses in the sharing economy could do to either improve their current insurance program or to ensure that they get a program that best suits their business model?
The keynote speakers were Marina Lao, Director of the Office of Policy Planning at the Federal Trade Commission and Tim Hudak, Member of Provincial Parliament, Niagara West-Glanbrook. This conference brings together the key change makers from multiple sectors and perspectives to discuss how the rapidly evolving sharing economy model has global and local implications that are changing markets, cities, and lives.
While this is opening up a number of opportunities, it is also raising complex legal and policy issues such as how best to address market failures; and manage concerns over consumer safety and tax compliance. This panel discussed as well the critical issue of labour in the sharing economy: are participants “employees” or “independent contractors”; the problems and opportunities posed by these new labour relationships; and what legal and policy changes may be needed in response.
For more information on insuring businesses in the sharing economy, contact us today!
Parr Insurance Brokerage
2157 N Damen #2B
Chicago, IL 60647