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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
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1099 or W2 Sales Rep... Which is financially better and why?
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<p>[QUOTE="jtgator, post: 2733805"]My company is giving us the option to either be a 1099 sales rep or W2 sales rep. Usually I would choose to be a 1099 with out question. Here's the catch.. the company is requireing each 1099 rep to buy an Errors and Omissions Insurance policy that will cost anywhere from $5000 to $8000 per year in premiums. Im trying to work out the math, but there are too many unknowns. Is anyone familiar with E&O insurance? Is this normal for orthopedic sales reps? My gross revenue is pretty low... less than 200k per year. Any thoughts?[/QUOTE]</p><p><br /></p>
[QUOTE="jtgator, post: 2733805"]My company is giving us the option to either be a 1099 sales rep or W2 sales rep. Usually I would choose to be a 1099 with out question. Here's the catch.. the company is requireing each 1099 rep to buy an Errors and Omissions Insurance policy that will cost anywhere from $5000 to $8000 per year in premiums. Im trying to work out the math, but there are too many unknowns. Is anyone familiar with E&O insurance? Is this normal for orthopedic sales reps? My gross revenue is pretty low... less than 200k per year. Any thoughts?[/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
General Discussion
>
Financial Forum
>
1099 or W2 Sales Rep... Which is financially better and why?
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
General Discussion
>
Financial Forum
>
1099 or W2 Sales Rep... Which is financially better and why?
>