Friday, February 1, 2013

Work Comp using 1099's

If you plan on a business using 1099's as a cheaper or seemingly good business decision, be aware of the Workers Compensation implications. You may not be aware of this but a 1099 worker at your clients home or property can hold the client responsible as would any work comp insurance carrier to pay for injuries, loss wages and other costs.

Guess what the client would do if they are sued?  Not only bad for business, bad for your reputation. Be sure have have a thorough cost analysis of using 1099's v W-2 employees. Better yet get Work Comp insurance and or have your 1099's get their own. One claim can ruin your day for years to come!