International Catastrophe Assessment Team. |
INDEPENDENT CONTRACTOR’S AGREEMENT
By this agreement,
International Catastrophe Assessment Team (ICAT) contracts
with,______________________________________________ (hereinafter referred to as “ Independent Contractor”)
who accepts the contract on the following terms:
1.)
This agreement is in no way to be considered an employment contract. The
independent contractor is retained in his/her capacity as an independent
contractor to adjust claims and /or appraise property for ICAT.
2.)
This agreement is temporary in nature. The services provided in this
particular situation are in no way to be construed as permanent employment with
ICAT. Rather, this is an agreement for services in this particular situation
only, CAT # , . The
independent contractor is in no way restricted from working in a similar
capacity for other companies provided it in no way restricts his/her ability to
perform their duty.
3.)
ICAT does not offer, nor is obliged to supply
workers compensation coverage for any “Independent Contractor.”
4.)
No Taxes of any type will be withheld from the
Independent Contractor’s compensation payment by ICAT.
All taxes state, local, and or federal will be the responsibility of the
Independent Contractor. Each
Independent contractor acknowledges and expects to receive a 1099 Federal Tax
Information Form at the close of each calendar year.
This form will be mailed to the address listed at the end of this
document and the signatory states that this is a legal address.
5.)
The Independent Contractor is responsible for
controlling the process and the progress by which he\she adjusts claims.
The content of each claim will be determined by the carrier, ICAT and
shall be in accordance with any and all applicable laws. Requirements will be
issued with issuance of claim.
6.)
The Independent Contractor is responsible for
setting their own hours.
Notification of such working and contact hours shall be provided to ICAT for
communication purposes and is necessary and required. New files and requirements
per file will be issued each morning and will require the physical presence of
each adjuster to acquire them.
7.)
The Independent Contractor is responsible for
paying their own expenses, including but not limited to, travel to work
location, food and shelter and/or any other incurred or necessary expenses while
on the job.
8.)
The Independent Contractor is responsible for
providing all necessary supplies, equipment, and materials to properly perform
the work. Such items should include
but are not limited to: cameras, computers, facsimile machines, internet access,
estimating software, beeper, and/or wireless telephones, ladder, vehicle,
answering machine or service and any other required items.
REQUIREMENTS
1.)
The Independent Contractor will have to adjust all
claims that are provided to them in accordance with the requirements and
standards of ICAT, the Insurance Company requesting the work, and all Federal,
State, and Local insurance laws.
3.)
The Independent Contractor is required to provide
his/her own Errors & Omissions coverage. A copy must be supplied Prior to any
payments for services rendered.
4.)
The Independent Contractor must provide his/her own
auto insurance, in limits as required by the state in which they reside, or any
other requirement made by the insurance carrier.
COMPENSATION
1.)
ICAT
will compensate the Independent Contractor on a commission basis.
Commission is based on the claims satisfactorily completed and the
appropriate fee schedule per file. Compensation will be made to the Independent
Contractor as a percentage of the fee schedule applied to the specific claim.
This percentage will be
%of the applicable fee schedule as paid by carrier.
2.)
Re-inspection of the Independent Contractors
completed files will be preformed and if work is incomplete or incorrect on a
file, the commission will be reduced by the actual cost incurred to ICAT to
correct or complete the file.
3.)
The Independent Contractor shall be given the first
right of refusal to correct or complete these files in a timely fashion at their
own expense with no reduction in the original commissioned amount will apply if
rectified to the satisfaction of the carrier.
4.)
Payment will be issued to the Independent
Contractor bi-monthly (15th & 30th) based on receipt of
payment from the carrier (insurance company). All payments will be less a 10%
holdback, (hold back is 10% of total fee paid by carrier ) which will be paid 30
days after the completion of the storm operation by ICAT or 15 days after
carrier pays and clears all his/her claims. Earliest date applies. 5.) All claims must be completed and turned into the office before departure from the storm area, if this is a catastrophe assignment. NO files will be permitted to leave the storm region.
ICAT will pay a 5% bonus to those adjusters that qualify. QUALIFICATIONS
a) Satisfactory completion of ALL CLAIMS.
b) The independent adjuster remains at the storm location until the
termination of the storm operation.
Or, 1) The adjuster leaves prior to close of operation with the approval of his/her supervisor and
all other conditions are met.
2) The his/her claims must be
completed, accepted and paid by the carrier.
The
bonus will be calculated as follows, .05 multiplied by the paid fee amount of
each file by the carrier.
Legal Agreement
Executed by the parties
hereto on _______/________/_________(date)
International Catastrophe
Independent Contractor _______________________________
Any alterations, changes, or amendments to this contact must be in writing and a signed copy by both parties attached to the original copy. © 1998 ICAT |
