Download Independent Contractor Insurance Waiver Pics. No, however an independent contractor is required to have workers' compensation insurance for any employees hired by the independent contractor. Independent contractor insurance covers you against losses that might be beyond your control.
The cost of insurance for independent contractors depends on variables such as the risks of your business, where it's located, whether or not you have property or vehicles to protect, the number of employees, etc. If i 1099 someone as an independent contractor in california, then they are not eligible to claim worker's comp. Document how each contractor passes each part of each test.
Independent contractors are not employees;
Independent contractors have the same legal obligations and liability exposure as large firms. In some states and industries, there are statutory requirements for insurance coverage for everyone involved, such as construction. If an independent contractor is not insured, the employer may be held liable for an independent contractor's poor work, illegal conduct, or accidents. No, however an independent contractor is required to have workers' compensation insurance for any employees hired by the independent contractor.
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