A relative who is in the contracting field called me last night and said his liability insurance is coming up for renewal the 1st of the year. Weird thing, is this time,
along with the "1000 questions" form, the insurance company wants tax returns for the past 4 years showing income. He asked the insurance company why and got "We are making sure that contractors are legal and are not hiding any income or expenses, as the illegal contractor problem has caused major insurance problems".
Sounds real nice of them, I can see a DNA test coming on the horizon, or a personality test of some form. Any way an insurance company can drop somebody, they'll find a way IMHO.
along with the "1000 questions" form, the insurance company wants tax returns for the past 4 years showing income. He asked the insurance company why and got "We are making sure that contractors are legal and are not hiding any income or expenses, as the illegal contractor problem has caused major insurance problems".
Sounds real nice of them, I can see a DNA test coming on the horizon, or a personality test of some form. Any way an insurance company can drop somebody, they'll find a way IMHO.
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