Biden independent contractor rule has implications for financial services

October 11, 2022 by John Hilton

The Department of Labor unveiled a proposal today that would make it harder for companies to treat workers as independent contractors, potentially upending several industries, including financial services.

Who is considered a company’s employee, who is entitled to various legal protections, and who is an independent contractor has shifted over the last decade. Workers are increasingly turning to the courts, claiming they were misclassified.

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Originally Posted at InsuranceNewsNet on October 11, 2022 by John Hilton.