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What You Should Know About Hiring Independent Contractors

An increasing number of companies are hiring more independent contractors to meet their business obligations. With independent contractors projected to make up nearly half the workplace in the coming years, owners need to make sure that they’re doing their due diligence when it comes to handling the placement of these types of workers. There are upsides to a company’s bottom line when it comes to hiring freelance workers. Often, these types of personnel are not offered certain benefits, resulting in savings. As an employer, you need to pay special attention to where and how you place freelancers.

Addressing Contract Workers

While allocating labor to contract workers seems like a no-brainer, you need to do your due diligence in their placement regarding the following:

  • Liability Insurance. Your company may be insured for work that is completed by employees, but that coverage may not include the liability of independent contractors.
  • Health Insurance. Agreements with your contract workers should explicitly define the relationship between freelancers and your company so that you’re not inadvertently penalized for not offering them health insurance.
  • Intellectual Property. Contracts with independent workers should be clear about who owns the intellectual property or rights to the work product created.

Protecting Your Business

As the decision-maker for your staffing firm, you can appreciate the distinction between an employee and an independent contractor. It is important to make sure that your business practices are in compliance with rules and regulations, especially as they relate to contract workers. Consult a provider of Staffing Professional Liability Insurance for information and resources to protect your business.

3 Benefits of Cyber Liability Insurance

3 Benefits of Cyber Liability Insurance

Data breaches and cyber-attacks can devastate a business. Due to a cyber-attack, a business has to deal with lost revenue, litigation and other business interruptions. No matter how big or small your company is there aren’t any companies that are immune to cyber-crime. Investing in cyber liability insurance in Orlando is crucial.

Business Loss Reimbursement

In case of business interruption, your business may suffer a massive hit to its profit. Without insurance, businesses may struggle to get back on top again. Insurance may reimburse for any costs of business loss. This allows your company to bounce back.

Forensic Support

After a data breach, it takes extra support to find out what happened. How did the data breach happen? Who is responsible? Often, cyber liability insurance will help you find out what happened and how to stop it from happening again.

Legal Support

After a data breach, you’re at risk for legal action taken against you. The cyber liability coverage helps pay for your defense and any damages that you owe to clients that may have had their details stolen. There’s no room to ignore cyber liability insurance in Orlando. Every business is at risk. It’s imperative to have the right coverage so that you can protect your company from harm.