Payroll is payroll, right? If you’re a growing business operating in the 21st century, you’ve most likely read about or experienced the importance of separating salaried employees from 1099 workers (Independent Contractors). If you’re less well-read on the subject, bottom line is this: at the end of the year, your workers compensation insurance carrier will “audit” … Read More
The Hidden Insurance Costs of the 1099 Economy It’s no secret that independent contractors (or “1099s”) are a great tool when a company needs a flexible workforce to match demand. Businesses have been using this secret weapon forever! In the modern era, there are tons of benefits to using independent contractors: Unlike W2 employees, … Read More
Buying startup company insurance can be a daunting task. The insurance market is fragmented and there are no shortage of products out there. The industry is not exactly the tech savvy either and many brokers still employ items as archaic as fax machines in their practices. Just finding where to start can be a hassle! … Read More
**This is a guest post by Scott Smedresman of Sorin Rand.**
[note: this post originally appeared on wework‘s fullstart blog; you can view the original post here.] Worker’s compensation insurance is one thing that founders seem to stress about quite a bit. We answer tons of questions about WC every day. So here we go…a startup founder’s brief guide to workers compensation insurance.