Many trucking companies rely on Independent Contractors (ICs) to supplement their workforce due to the many benefits they bring forth. Along with cost savings, ICs offer staffing flexibility and a reduction in your exposure if you correctly handle their contract and employment process. Although ICs have their fair share of benefits, they certainly come with various risk factors as well.
The issue that continues to arise within the trucking industry is reclassification of drivers. Reclassification has significant impact on workers’ compensation premiums, claim payments, and equipment leasing issues. In addition, insurance programs that pertain to ICs, such as occupational accident insurance, continue to challenge the trucking industry.
This orange paper covers:
What an Independent Contractor is
The wicked problems faced by employers
Tips to avoid common pitfalls with Independent Contractors
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