Why Do Insurance Brokers Partner with Openforce?
Join a growing network of top insurance brokers that have partnered with Openforce to earn extra commission, deepen client trust, strengthen client retention, and reduce potential E&O exposure... without lifting a finger.
EASY REVENUE STREAM. DEEPER CLIENT RUST. REDUCE E&O EXPOSURE.
What does Openforce do?
As the #1 contractor management solution, we help leading contracting companies streamline 1099 compliance, onboarding, insurance, and payments to reduce admin overhead, minimize misclassification risks, and strengthen IC vendor relationships.
Since 2024, our audit-ready software has supported 384 claims, helping mitigate $13M+ in potential misclassification liability. By introducing Openforce, insurance partners can position themselves as comprehensive risk advisors. We manage client education, risk assessment, and compliance execution, transforming misclassification risk into a meaningful advisory opportunity.
What's misclassification and how can it increase an insurance broker's E&O exposure?
Misclassification happens when 1099 contractors are treated as W2 employees, and vise versa. When misclassification happens, it can lead to:
- Litigation and regulatory penalties
- Back pay, taxes, audits, and settlements
- Reputational damage and negative press
Recent legal precedent is clear, when insurance brokers recognize a material risk, they have a duty to inform clients. Silence is no longer defensible. This raises a critical question: when will other risks, like worker classification, drive E&O claims? For companies using 1099 or independent contractor models, misclassification is a proven, costly risk, resulting in millions in litigation, penalties, and settlements. Simply check the latest news to see which companies are currently facing claims, no industry is exempt.
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Want to learn how other insurance brokers are generating new commission, deepening client trust, improving client retention, and reducing potential E&O exposure? Schedule a quick consultation.
If your clients rely on a 1099 workforce, there's a strong chance they're struggling with compliance, onboarding, insurance, and contractor pay. There's where we come in.