IPro Index 2011
A landmark research study conducted by Monash University and sponsored by Entity Solutions about the attitudes, motivations and challenges facing the contingent/contract workforce in Australia.
Sports contractors vs. white collar contractors – who wins?
Posted by: Laura Magnano
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Posted date:
February 3, 2012 |
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Did you know that sports professionals are also deemed ‘Independent Professionals’? Sports professionals tend to bask in glory and fame, but they pay the price in other ways.
We came across an article about Sarah Burke, a 29-year-old professional skier from Canada who died after a training accident in Park City, Utah. We learnt that despite being the equivalent of an Independent Contractor (referred to as Independent Professional or IPro by Entity Solutions), she wasn’t covered by insurances.
“Sponsors in general do not provide insurance for the athletes, who are independent contractors. In many contracts if not most, the athletes sign an agreement saying they understand that it is a dangerous sport and that they are responsible for their own well-being,” said Roger Pondel, from the public relations company PondelWilkinson in Los Angeles. “That is fairly standard throughout the industry.”
The lesson here is quite simple. If you are an IPro and you are not managed by a compliant contractor management (professional services) organisation, the consequences could be dire.
When you are choosing a contractor management (professional services) organisation to manage you, consider asking what insurances they offer and how much you are covered for – Professional Indemnity (PI) Insurance, Public Liability (PL) Insurance as well as Workers Compensation Insurance.
To get an idea of what services you could have access to when engaging with a contractor management (professional services) organisation have a look at this.