So you think you’re a subcontractor right? Well, do you have a contract? The problem that seems to be floating around the subcontractor/independent contractor arenas these days is the lack of education when it comes to drafting service contracts. As an independent contractor, you are your own company. If you don’t have contracts that clearly define your scope of work, payment structures, etc. you will eventually be giving away your services and losing your “company” money.

Not only is it important for you to have the proper insurance coverage as a subcontractor, but your risk must also be managed in other ways. Although no contract is guaranteed to be perfect, it can prevent you from having to do extra work or bending over backward for clients who constantly change the scope of your project. Once it is in writing, you can rest assured that you, the employee know exactly what the job entails, and you, the manager know that the contract will not be changed without your approval.