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  • Why Worker’s Compensation Insurance Is So Important

    • September 5, 2022
    • Posted by: admin
    • Category: Blog
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    worker's compensation

    It is important for contractors to have adequate worker’s compensation and general liability insurance to protect themselves from the risks associated with working on a construction site. Even if a project is not currently underway, Florida’s insurance requirements apply to all active licenses. When a contractor’s license is issued in Florida, the state gives the

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  • MAXIMUM WORKERS’ COMPENSATION RATE GOES INTO EFFECT JANUARY 1

    • January 9, 2017
    • Posted by: admin
    • Category: Contractor Information, Florida Contractor License
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    compensation

    Growth through innovation/creativity. Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.

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  • 1099 EMPLOYEE IS AN OXYMORON

    • November 21, 2016
    • Posted by: admin
    • Category: Contractor Information, Florida Contractor License
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    If you elect to pay your “employees” on a 1099 basis instead of W2, they then become independent contractors, not employees. Since they are not employees, you don’t have to cover them under your insurance. Two important things to remember about independent contractors is that they must have their own insurances and licenses. Workers’ compensation

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  • WORKERS’ COMPENSATION EXEMPTIONS

    • November 1, 2016
    • Posted by: admin
    • Category: Contractor Information, Florida Contractor License
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    compensation

    At Licenses Etc., we believe in sharing important information with our clients and the contracting community. Below, we want to bring attention to the issue of workers’ compensation exemptions. An employer in the construction industry who employs one or more part or full-time employees must obtain workers’ compensation coverage. Sole proprietors, partners, members of a

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