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The New York-based company provides insurance services for workers in the so-called on-demand economy.
The investors were Horizon Ventures and XL Innovate.
Slice aims to offer new kinds of insurance products designed for on-demand workers. These products will be available on a transactional basis — so a ridesharing driver should be covered from the moment they start driving or get into the car, but they’re only paying for coverage during the time that they’re working (making it more affordable than just taking out a pricey commercial insurance policy).
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