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Re: Time to think - INSURANCE

Subject: Re: Time to think - INSURANCE
From: Andersonarb
Date: Dec 29 2003 10:24:38
In a message dated 29/12/2003 09:34:46 GMT Standard Time, 
Edmund_Hopkins@xxxxxxxxxxx.gov.uk writes:

Mention of partnerships is interesting-I bet there are lots of contractors
out there looking at partnerships to mitigate costs of insurance-


I think a lot of the stuff said about partnerships/employees/subbies comes 
out of Tax Experience; does the subby provide his own tools /truck/etc. We 
got 
moaned at about this about a dozen years ago but one of our itinerant rock 
climber employees became self employed and because he showed other sources of 
income (modelling; yes really) he appears OK. For the Taxman the sub having 
his 
own insurance might be a factor in whether he's an employee or not.

The situation as I see it is complicated by the fact that a lot of 
contractors sub to other contractors and are probably both insured for the 
same job by 
AXA, via Algarve (Thats the underwriter and Broker for the colonials). Which 
ought to mean that the ultimate client is covered by at least 2 insurance 
policies for 3rd party damages.

Yeah, monopolies, insurance, tax; makes you wonder whether its worth getting 
out of bed....

Bill. 



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