As daily demands increase both at work and home, today’s professionals need a better way to protect their assets and plan for the future. By design, mass-market policies are structured for the average consumer. You aren’t average and neither are your insurance needs. As a result, you might be paying excessive premiums for what amounts to inadequate coverage. Our personal insurance specialists evaluate your existing assets to prepare a solution tailored to your needs.
Our personal risk managers minimizes risk by building a customized personal risk management program that allows you to build policies superior to those found in the mass market so your premium dollars are not wasted. We partner with the best carriers in the industry to help you navigate through various coverage options, limitations, and exclusions — enabling you to make the right decisions when it comes to protecting your personal assets.
We can assist you with many lines of coverage, including:
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.
The Federal Department of Labor (DOL) and its related state agencies are charged with making sure that employees are given the modern-day equivalent of an honest day’s pay for an honest day’s work. Employers who fail to do so can be subject to back-pay claims, penalties and attorneys’ fees.
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.