Risk & Business Magazine Nesbit Agencies Winter 2018 | Page 31

MITIGATING RISK • How does health insurance work for independent contractors? • How should insurance coverage be adjusted based on changes in the amount of work and the type of work being performed? • What industries require insurance? • How do things change when independent contractors work with others, outsource, or hire people? Ultimately, there are a lot of potential pitfalls here, especially for individuals who like to do research themselves. With so many moving parts, it is essential to work with an independent agent rather than trying to do everything yourself online. It comes down to finding someone you can trust to keep your best interests in mind and who has a thorough understanding of all the situations you may be encountering. Whether you are driving for Uber part- time or run a full-time online writing or design business out of your extra bedroom, you need to have an understanding of the risks you may be facing. Like with many things, gaining that understanding may take more time off of your hands than you even have to offer. That’s why working with a professional is essential to getting the wheels in motion and protecting yourself. + FOR MORE INFORMATION OR TO FIND OUT WHAT WOULD BE RIGHT IN YOUR SITUATION, GIVE US A CALL AT 952-941-9418 OR VISIT NESBITAGENCIES.COM 31