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TaskRabbit Adds Insurance to Make Trusting Strangers Easier

Bloomberg Businessweek (07/10/14) Joshua Brustein

TaskRabbit has begun offering $1 million in insurance for property damage or bodily injury for both users who post tasks and those who perform them as well as insuring losses due to theft up to $10,000. Premiums and deductibles will be paid for by TaskRabbit. The company wants users to feel safe, and the addition of insurance is part of a broader overhaul of the site. Among the changes, TaskRabbit will now use matching algorithms instead of its previous auction format.