‘What freelancers should know about liability and their assets’ – ‘Mashable’

Nellie Akalp says, “The Internet, mobile and on-demand economies are transforming commerce and the way many work. The concept of a steady job and paycheck is morphing into a more dynamic situation of contract, freelance and independent gigs.

In 2014, approximately 2.7 million people in the U.S. earned money from on-demand platforms like Airbnb, Uber, Lyft, Handy and TaskRabbit.

This on-demand economy has major implications for workers, who now bear full responsibility for things once handled by an employer: income tax withholding, health insurance, vacation/sick leave and retirement. In addition, the independent status of workers raises the question of liability — a topic that is currently playing out on central stage with ride-sharing drivers”.

What freelancers should know about liability and their assets