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The insurance that employers must take out is referred to as Employer's Liability Compulsory Insurance (sometimes referred to as "ELCI"). [1] As well as being insured, employers must post details of the insurance for staff to see. This requirement applies to most companies; exemptions include public organisations and certain micro companies.
From 1923, an earlier organisation, the National Register of Electrical Installation Contractors, kept a register of approved electrical contractors. It was incorporated on 10 August 1956. Headquarters
It was established in 1999 as the Professional Contractors Group, a protest group against the IR35 tax statute. [1] Later, it expanded its responsibilities to cover the wider interests of freelance consultants and contractors as a representative body for freelancing in the UK. It is a company limited by guarantee, owned and run by its members.
Tax and insurance filings are done by the ASO, but under the client company's Employer Identification Number. Umbrella companies, found primarily in the UK, act as employer of record for independent contractors instead of permanent employees. The contractors become employees of the umbrella company, but do not also become employees of the client.
The most common examples of statute liability are in areas where an individual is required by law to effect insurance, e.g. workers' compensation and motor vehicle compulsory third party. Property, hotel and operations managers should become familiar with the various types of contracts involved in commercial and retail activities.
Clements provides Defense Base Act (DBA) insurance [7] and other insurance products for contractors working for the U.S. government and others around the world. [ 8 ] Following the establishment of the company's first wholly owned international subsidiary in London in 2010, Clements International rebranded and became Clements Worldwide in 2011.
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