How To Get the Most out of Hiring Individual Contractors
Using the services of individual contractors is a popular way for many businesses to get specific jobs done without providing many of the entitlements awarded to traditional full-time employees. These types of workers contribute to the overall mission of an organization though they often have irregular hours and limited contract terms. However, because of many legal and ethical issues, it may be important to ensure that individual contractors and other types of employees have coverage such as occupational accident insurance.
Supplementing your employees with individual contractors can be beneficial in many ways. While there are admittedly some cons to hiring these workers, for example, not having ownership of intellectual property, many believe the benefits more than make up for it. Some of the advantages of going this route include the following:
Flexibility in staffing
Reduced wages compared to paying full-time, hourly employees
Less office space required
No obligation to provide employer benefits
Although it may not necessarily be required, putting protections in place such as occupational accident insurance may be necessary in order to avoid potentially costly litigation. Even though these workers are not traditional employees, accident, injury or death while on the job resulting from work performed for your business or on your property can be devastating. Luckily this type of coverage is often significantly more affordable, making it an even more practical safeguard.