New Guidelines for Independent Contractors and Worker's Compensation Insurance
The VT Department of Labor has released new guidelines concerning independent contractors and workers' compensation insurance. The new guidance states that an employer cannot be assessed workers' compensation premiums or found to be liable under the workers' compensation code for workplace injuries incurred by an independent contractor if:
- The contractor is registered with the Secretary of State as an LLC or corporate owner.
The contractor has filed and received approval from the Department of Labor to opt out of worker's compensation coverage.
- The employer also is not liable if the contractor has its own insurance. .
You can find the guidelines by clicking here.
Davis & Hodgdon Associates CPAs has been assisting individuals and business owners with tax consulting and strategizing for more than 25 years. Please call us at (802) 878-1963 (Williston) or (802) 775-7132 (Rutland) to discuss your unique tax planning needs