An increasingly interconnected world offers new and exciting realms of opportunities, in addition to new risks. Whether your organization has significant international operations or your employees travel internationally, safeguarding the bottom line means anticipating potentially costly exposures. You have access to a partner with a thorough understanding of global complexities that can help you obtain the right coverage.
Our global partners help navigate laws, regulations and cultural differences to develop a program that meets your standards. We help design insurance packages for foreign employees and ensure compliance with local laws and regulations. We also help identify, analyze and reduce exposures where you operate while reducing redundancies and minimizing coverage gaps.
Our membership with Worldwide Broker Network (WBN) allows clients to partner with over 15,000 independent insurance specialists that have a comprehensive understanding of their local markets. We partner with WBN to provide customized global solutions through:
Knowing that life’s only two certainties are death and taxes, let’s turn our attention to how the IRS determines independent contractor status. Previously, the IRS used to apply a 20-factor test to determine whether or not an individual could be classified as an independent contractor. A number of years ago they moved to what they call a “common-law” test that focuses on the degree of control the business exercises in achieving its purposes versus the degree of independence the worker has to actually perform the tasks themselves.
As described in IRS Publication 15-A, the IRS will closely examine each of the following three areas: “behavioral control, financial control, and the type of relationship of the parties.” Let’s take a look at each.
Vaccines are here, government shut-downs are lifted, and some people are eager to get out of the house! Businesses may be flooded this summer with customers and visitors needing to be entertained, waited on, or serviced. And as summers go, teens are ready to ditch the screens (or classrooms if they were lucky) and hit the job hunt. So, if you are considering hiring one of these enterprising teenagers, it’s important to be aware of the special laws that govern the employment of minors.
As I mentioned in the previous post, the various regulatory agencies have stated their keen interest in rooting out misclassified independent contractors. In the context of work comp, there are two likely scenarios that could uncover a misclassification — a routine insurance carrier audit or a work-related injury suffered by an “independent contractor”. Since insurance companies regularly conduct audits for their clients, this article will focus an audit triggered by an independent contractor getting injured.
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