Freelancers Insurance Agency

Insurance Products & Services

Brooklyn, New York

United States

freelancersunion.org

About Freelancers Insurance Agency

Freelancers Insurance Agency (FIA) is a first-of-its kind, social-purpose insurance agency whose sole mission is to connect the nation’s 53 million independent workers with affordable, quality benefits. Based in Brooklyn, NY, FIA uses market-based solutions to meet a social need, and draws upon the collective strength of its community to build a sustainable institution that can meet its members' needs over the long-term.

One-third of all working Americans are independent workers - freelancers, independent contractors, temps, and self employed. Yet they lack many of the basic supports and protections provided to traditional employees, most notably benefits like retirement plans, and health, disability, dental, and liability insurance.

Our status as a B Corp makes us publicly accountable - to our members, our staff, and our community - to maintain a balance between meeting our social mission and being sustainable for the future. This balance will ensure that freelancers have access to the benefits they need now, and two generations from now.

The Change We Seek®

FIA is wholly owned by Freelancers Union, a nonprofit membership association, and therefore is driven by the needs and concerns of its members, not by corporate shareholders. The company's goal is to ensure that freelancers have stable access to benefits for years to come. FIA's competitive advantage comes from the relationships and group affinity established from long-term membership.

As a self-sustaining, social entrepreneurial approach to delivering benefits to a vulnerable population, FIA is a model for expanding retirement and insurance coverage to independent workers nationwide. FIA is constantly exploring new opportunities to deliver better care and benefits at lower costs for members.

What makes us a better company?

B Impact Report

Certified since: 

November 2010
Summary:

Company Score

Median Score*

Environment

Environment

The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.

10
9
Workers

Workers

The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.

21
22
Customers

Customers

The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).

25
N/A
Community

Community

The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.

39
32
Governance

Governance

The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

14
10
Overall B Score
109
80

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

view full reports »

Company Highlights: 

Employees:A living wage paid to all full and part-time employees; >80% of health insurance for individuals is paid for by the company; >6 weeks paid maternity and paternity leave.

Community: >40% of suppliers are independent or local.

Consumers: 100% of revenue comes from services that promote economic equality for individuals and communities, improves health, and increases the flow of capital to purpose-driven enterprises.

Miscellany: 

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