Thursday, July 21, 2011

Workers Comp Audits and 1099’s

Workers Compensation insurance companies are always out to collect premium on your 1099’s. Make sure to keep an eye out on a few key things, listed below. 
  • 1099 Independent Contractors must have at least two sources of income other than your business. 
  • 1099’s should have their own General Liability Insurance Policy.
  • They also must carrying their own license to perform the service (if applicable). 
If you can prove that all three of the above items are applicable to each of your 1099 independent contractors during the annual audit, it will be a breeze. 

If have any questions regarding an audit or if you need assistance with your business insurance workers compensation audit, please feel free to contact us at 818-735-7600

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