1099Policy was born out of an industry veteran’s experience advising temp staffing agencies and freelance management platforms on how to best meet the insurance coverage needs of both the contracting entity and independent contractors.
It became clear over time that the rapid increase of independent contractors needing insurance required a scalable solution that could operate at the intersection of where 1099 talent and the contracting entity meet.
Business insurance is complex and often overwhelming. More so when it stands between an independent contractor and a contract engagement.
1099Policy is built to deal with the demands of the contracting entity compliance departments and the needs of the independent contractor. Our API for pay-as-you-go insurance products provides contractors the coverage that the contracting entity requires.
We take care to abstract away the complexity of business insurance behind an easy-to-use interface specifically designed for the platforms that independent contractors use everyday to find work.
1099Policy empowers enterprises to hire from a growing 1099 talent pool. We offer 1099 hires the opportunity to obtain business insurance in under one minute for each work assignment, on demand, at a fraction of the cost of an annual policy. Without compromising the agility of their 1099 talent pool, companies can now protect their brand and assure 100% contractor compliance, in real time, hassle free.
Brand protection: Companies are often found liable for injuries or harm caused during work assignments, especially when the employees are 1099 hires rather than W2 employees. Confirming that every 1099 is covered by business insurance helps ensure that your brand doesn’t face negative press, or financial liability or regulatory intervention.
Compliance: Guarantee that every 1099 hire adheres to your company’s vendor insurance requirements by automatically hard-coding them into onboarding.
Cost efficiency: 1099Policy’s platform access fee is extremely cost effective in comparison to other avenues, such as hiring via an EOR platform simply to assure that 1099s meet the insurance requirements of the enterprise.
Process efficiency: 1099Policy is quick to set up and easy to use. 1099Policy improves efficiency and puts time back into your day.
Improved talent onboarding experience: Retain and redeploy: If your freelancers can experience how easy it is to procure the right insurances, there are higher chances they will want to stay with your brand and find a new assignment rather than having to find a new opportunity elsewhere.
Protection for 1099s: Help your 1099s help themselves. 1099s may not be aware of the liability they face when they’re employed as an independent 1099, and thus do not know they should seek business insurance.
