Delaware Independent Contractors
The State of Delaware’s General Assembly recently changed the law with respect to the workers compensation insurance coverage obligations of independent contractors.
Under the new law, independent contractors will need to be covered by workers compensation insurance if they are engaged in furnishing labor or both labor and materials in connection with all or any part of construction, alteration, repairing, dismantling or demolition of buildings, roads, bridges, viaducts, sewers, water and gas mains, or any other type of structure as improvement, alteration or development of real property
However, an independent contractor may exempt up to four of its executive officers (if it is a corporation) or partners (if it is a limited liability company) from this workers compensation obligation, if those officers or partners elect in writing to be exempted.
That’s where we come in. As one of the largest incorporating service companies in America today, American Incorporators will be happy to form your new Delaware corporation or LLC in 10 minutes online over the phone for as little as $149 complete!
It is important to remember that the Delaware General Assembly has provided independent contractors with a means to eliminate the new workers compensation liability for the first four officers/shareholders (if a corporation) or members (if an LLC) through the legal organization of their business.
For more information on this change you can visit the state of Delaware Department of Labor website
If you are ready to form your own corporation or Limited Liability Company, you can start the process by filling out our Secure Online Order Form, or you can call one of our incorporation specialists at: 866-421-8416, and place your order over the phone.
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