Insurances for Independent Contractors -- In Summation
As we close our our week on Independent Corporations/Contractors and insurance, we wanted to conclude with 3 main conclusions from this weeks articles. Also, we would like to thank those who have responded and participated. We had some great dialogs. Please keep contributing.
1 - All Corporations who employ the use of Independent Contractors should institute a rigorous insurance policy. Each Contractor should required to carry a minimum policy as dictated by the corporations Risk Management or Human Resources Departments.
2 - Individuals who have made the decision to work as and Independent Contractor should insure that they have researched the advantages and risks associated with this employment status. After which, they should take the necessary steps that protect them from tax and business exposure that could exist be being declared and Independent Corporation/Contractor.
3 - Independent Contractor's who are registered and are currently employed under this status, should be willing to make the necessary investments that insure they are legitimate from a business, tax and protection aspect.
Next week we are going to begin to explore the world of C0-employment Risks and the use of "Perma-Temps". We hope you will join us next week and jump on to the PSC Blog Train and share your insights.
Remember, if you want to have a Free Assessment to see whether your firm is at Risk or has Reward opportunities for savings in yoru current program, please click the link and answer the brief, 5 Question Survey.
Enjoy the rest of your weekend and we'll see you next week.