If you answer YES to ALL of the above questions, the person is most likely an independent contractor, which means you are not required to cover them under your workers` compensation policy. When you fill out the independent contractor form, make sure it is notarized. A common mistake is that the self-employed and the employer have to sign it before a notary. Once the form is completed, it must be converted into a composer of your work and returned before the work begins. I hope this helps you better understand the world of work. As a Colorado PEO, we work with and understand workers` compensation in Colorado. For more information, contact StaffScapes at the number above. Under the Colorado Workers` Compensation Act, anyone who performs work for you is an employee unless they: Pinnacol Shortcuts Video: Employees, Independent Contractors or Subcontractors Pinnacol Insurance`s independent contractor form must be completed before work can begin with the subcontractor or contractor. It`s a good idea to be sure.
Discuss the facts with your agent, underwriter or auditor. You can submit contracts between you and the individual to your agent, underwriter or auditor to confirm the status of an independent contractor. With this video, you can learn more about the difference between employees, independent contractors, and subcontractors in two minutes or less. Pinnacol`s Independent Contractor Form, available in English and Spanish, contains documentation relating to a business relationship under the Colorado Workers` Compensation Act. Call 303.361.4000 or 800.873.7242 to request copies. Many employers use Pinnacol Insurance as a compensation provider for Colorado workers. In fact, more than 60% of Colorado employers use Pinnacol Insurance. With so many employers using a career, they have developed certain rules for using independent contractors or subcontractors to carry out projects. If you hire a subcontractor to work at your location or work for you, you must apply for a workers` compensation coverage certificate from that subcontractor.
If you hire an independent contractor, you must either have a certificate of coverage or ask them to complete the independent contractor form that Pinnacol Insurance needs and must approve. Many employers do not understand that Pinnacol`s independent contractor must be approved before work can begin. If they are not approved, your business will be responsible for any work premium related to the income of independent contractors. Why is it important to know if the person working for you is an employee or an independent contractor? Because the answer determines whether it should be covered by your workers` compensation policy. .