Independent contractors

Misclassifying employees on a workers’ comp policy can result in fines and potential lapses with coverage. To avoid misclassification, make sure to assign the correct workers’ compensation class codes to your employees.

When an independent contractor working for your business makes a mistake, your business could be held accountable. For adequate protection, both your business and your contractors should carry professional liability insurance.

Errors and omissions insurance (E&O) often doesn’t cover the mistakes made by independent contractors working for your business. To protect yourself from lawsuits, you may want to require contractors to carry coverage.