Search CompleteMarkets

...cur most often in the building construction, renovation, and installation trad...ontracts, and deals with employer's liability and other tort liability claims involving workers.

...cur most often in the building construction, renovation, and installation trad...ontracts, and deals with employer's liability and other tort liability claims involving workers.

...ontractors that do residential construction, dwelling policies, or drivers wit...in California who need Professional Liability insurance? What about the number...

... types of employers for paying Workers' Comp benefits. STATUTORY EMPLOYERS: THE RULES OF THE GAME In a typical statutory employer case, an employee of a contractor seeks compensation for a job-related injury from the contractor's employer or principal. These situations occur most often in the building construction, renovation, and installation trades, although they can arise in other industries. The general contractor subcontracts all or part of the work to one or more subcontractors, but may still be liable for Workers' Comp claims sustained by the subcontractor's employees. One key ... , And Workers' Compensation 4/30/2013 10:45:23 PM by CompleteMarkets Editor , Marvin Sahl This content has not been rated yet. STATUTORY EMPLOYERS, SPECIAL EMPLOYERS, AND WORKERS' COMPENSATION by Marvin Sahl, CLU The long-standing controversy about independent contractor status continues. More and more employers are creating contracts without providing Workers' Compensation coverage and other mandatory and voluntary fringe benefits. (These contracts may also be intended to eliminate the employer's responsibility for Social Security, Medicare, unemployment insurance taxes, and so forth ... GAME In a typical statutory employer case, an employee of a contractor seeks compensation for a job-related injury from the contractor's employer or principal. These situations occur most often in the building construction, renovation, and installation trades, although they can arise in other industries. The general contractor subcontracts all or part of the work to one or more subcontractors, but may still be liable for Workers' Comp claims sustained by the subcontractor's employees. One key to determining liability is to decide whether the arrangement between the parties is consistent with customary practice ...

... both types of employers for paying Workers Comp benefits. STATUTORY EMPLOYERS: THE RULES OF THE GAME In a typical statutory employer case, an employee of a contractor seeks compensation for a job-related injury from the contractor's employer or principal. These situations occur most often in the building construction, renovation, and installation trades, although they can arise in other industries. The general contractor subcontracts all or part of the work to one or more subcontractors, but may still be liable for Workers Comp claims sustained by the subcontractor's employees. One key to ... Special Employers, And Workers Compensation 4/30/2013 10:45:23 PM by CompleteMarkets Editor , Marvin Sahl This content has not been rated yet. STATUTORY EMPLOYERS, SPECIAL EMPLOYERS, AND WORKERS COMPENSATION by Marvin Sahl, CLU The long-standing controversy about independent contractor status continues. More and more employers are creating contracts without providing Workers Compensation coverage and other mandatory and voluntary fringe benefits. (These contracts may also be intended to eliminate the employer's responsibility for Social Security, Medicare, unemployment insurance taxes, and so forth) ... GAME In a typical statutory employer case, an employee of a contractor seeks compensation for a job-related injury from the contractor's employer or principal. These situations occur most often in the building construction, renovation, and installation trades, although they can arise in other industries. The general contractor subcontracts all or part of the work to one or more subcontractors, but may still be liable for Workers Comp claims sustained by the subcontractor's employees. One key to determining liability is to decide whether the arrangement between the parties is consistent with customary practice industry ...

... not used any type of profit-center accounting in the past, however, might want to start with a basic breakdown of commissions and gradually add more sophistication and expense detail. The administrative costs of the information-gathering process should not outweigh the benefits received. The first step in constructing a profit center is to allocate the various income items. Net commissions and contingents directly received from business written by the department will be relatively easy to identify. To develop net commission, subtract brokerage commissions paid to outside agents or service center fees paid to companies ... the business your agency writes by can more than make up the difference. PROFIT-CENTER ACCOUNTING The first step in the analysis is to set up profit center accounting for the major departments: generally Commercial Lines, Personal Lines, Life, and Health. If smaller Commercial, Contractors, Professional Liability, or some other type of business is handled separately, set up profit centers for them as well. Management will be in a much better position to make crucial sales, servicing, and marketing decisions if they have cold, hard facts to ... must continue to service an unprofitable group of accounts, make certain that the rest of the business your agency writes by can more than make up the difference. PROFIT-CENTER ACCOUNTING The first step in the analysis is to set up profit center accounting for the major departments: generally Commercial Lines, Personal Lines, Life, and Health. If smaller Commercial, Contractors, Professional Liability, or some other type of business is handled separately, set up profit centers for them as well. Management will be in a much better position to make ...

... target market is crucial to understanding the type of risk. Some underwriters also call this the class of business. A short description of your niche will suffice. For instance, say you're interested in writing artisan and specialty contractors, security guards, general contractors that do residential construction, dwelling policies, or drivers with four accidents in the last three years. Q. What lines of insurance will be offered and at what limits? A. The approach here would be to state that you are interested in writing the Professional Liability for a ... business and target market? A. A narrowly defined target market is crucial to understanding the type of risk. Some underwriters also call this the class of business. A short description of your niche will suffice. For instance, say you're interested in writing artisan and specialty contractors, security guards, general contractors that do residential construction, dwelling policies, or drivers with four accidents in the last three years. Q. What lines of insurance will be offered and at what limits? A. The approach here would be to state that ... are interested in writing the Professional Liability for a home inspector or the General Liability for an artisan and specialty contractor. Retail producers should pay careful attention to the line of business and type of coverage required. Also of significance is the amount of the policy limits. Policy limits obviously will vary by class of business. It might be $1 million combined single limit for an independent trucker, or statutory limits for a Nonstandard Auto policy. Producers must do their homework to find out what the policy limits should be. Q. ...

... , especially since certain sophisticated tax shelters were done away with. So it makes sense that independent contractors are now prime game for bounty hunters. Businesses with the most to gain from using independents are the most likely targets for auditing. These would include travel agencies; construction companies (which have their own maze of conflicting laws); franchises; auto body and auto-repair shops; hair salons; physician and lawyer firms; businesses that employ janitors, truckers, and consultants; and even some candlestick makers. The IRS is always about ... have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Independent Contractors: Are They Or Aren't They?4/30/2013 10:45:23 PM by CompleteMarkets Editor , Marvin Sahl This content has not been rated yet. &# 160 INDEPENDENT CONTRACTORS: ARE THEY OR AREN'T THEY? by Marvin Sahl, CLU ... provided for under Revenue Ruling 90-93 and other pertinent parts of the Code. Four types of employee are more or less automatically accepted as statutory employees by the IRS: Traveling or city' salespersons; Life insurance salespersons; agent or commission drivers; and home workers. Generally, people in these four categories do not have a withholding or federal unemployment tax deducted from their earnings; the employer MUST, however, withhold a portion of their salary for Social Security and Medicare. Employers may furnish true statutory employees certain fringe benefits, deductible ...

... , especially since certain sophisticated tax shelters were done away with. So it makes sense that independent contractors are now prime game for bounty hunters. Businesses with the most to gain from using independents are the most likely targets for auditing. These would include travel agencies; construction companies (which have their own maze of conflicting laws); franchises; auto body and auto-repair shops; hair salons; physician and lawyer firms; businesses that employ janitors, truckers, and consultants; and even some candlestick makers. The IRS is always about ... have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Independent Contractors: Are They Or Aren't They?4/30/2013 10:45:23 PM by CompleteMarkets Editor , Marvin Sahl This content has not been rated yet. INDEPENDENT CONTRACTORS: ARE THEY OR AREN'T THEY? by Marvin Sahl, CLU The use of ... provided for under Revenue Ruling 90-93 and other pertinent parts of the Code. Four types of employee are more or less automatically accepted as statutory employees by the IRS: traveling or city' salespersons; life insurance salespersons; agent or commission drivers; and home workers. Generally, people in these four categories do not have a withholding or federal unemployment tax deducted from their earnings; the employer MUST, however, withhold a portion of their salary for Social Security and Medicare. Employers may furnish true statutory employees certain fringe benefits, deductible ...

...bout 1980, a controller from a construction firm office up the street walked i...rage because they involve no public liability, Everhart notes. Avoiding ar...