Independent Contractor Insurance, Tax, and Settlement Solutions

Simplify commission settlements and access affordable accident and disability insurance, in addition to quarterly tax payments designed for Independent Contractors.
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Meghan Higgins
Gig Worker
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Portland, OR
Thomas McGrath
Installer
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Cleveland, OH
Freddie Gibbs
Freight Driver
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Miami, FL
Sarah Lundstrom
Delivery Driver
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Los Angeles, CA
Matt Clark
Limousine Driver
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Charleston, SC
Michael Carron
Courier
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Las Vegas, NV

Why MyNICA?

Partnering with MyNICA means less administrative burden and more peace of mind. We provide settlement, insurance, and tax solutions that keep your independent contractor operations compliant, efficient, and cost-effective.

Streamlined Settlement Processing

MyNICA handles weekly, bi-weekly, or semi-monthly commissions with accuracy, reducing administrative workload and settlement errors.

Expert Tax Compliance and Savings

Our tax team has processed more $100 million dollars in quarterly payments for Independent Contractors over the years. We help our companies stay compliant and reduce liability.

Industry Knowledge With a Personal Touch

Founded by an Independent Contractor, MyNICA understands the unique challenges of the independent contractor model and provides hands-on, reliable support tailored to your business.

Comprehensive Insurance Coverage for ICs

By partnering with top brokers like Arthur J. Gallagher & Co., MyNICA ensures your contractors are protected with affordable accident and disability plans—minimizing risk for your company.

MyNICA Services

NICA simplifies the most complex parts of being an Independent Contractor by preparing commission settlements, managing deductions, and providing access to affordable insurance plans tailored to your needs.
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Occupational Accident Insurance

Occupational Accident insurance is a specifically designed policy for self-employed individuals, which pays for medical expenses if you’re injured while you are working.

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Tax Preparation

By enrolling in MyNICA you're eligible for Tax Services, which includes quarterly estimates payments and year end returns; a joint return if you're married.

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For more than thirty years, MyNICA has been dedicated to supporting Independent Contractors and Contracting Companies alike.

MyNICA prepares commission settlements on a regular basis, automatically deducting any fees, escrow, or other deductions that Independent Contractors may elect to withhold. ICs are provided with an insurance policy that covers work-related injuries, medical and disability expenses with an Accidental Death & Dismemberment benefit at competitive rates.

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MyNICA Frequently Asked Questions

MyNICA helps companies manage Independent Contractors with ease by handling settlements, offering tailored insurance programs, and ensuring tax compliance so your business runs smoothly and your contractors stay protected.
How can I reach a live representative?
You can reach out to MyNICA Customer Care by calling us toll-free at 800-551-NICA (6422) or via email nicastaff@nicainc.com. Our associates will be happy to assist you!
What is Occupational Accident Insurance?
Occupational Accident Insurance (OAI) is a specialized insurance policy designed to provide financial protection from an accident for independent contractors who are not covered by traditional workers’ compensation. This type of insurance covers work-related injuries and includes benefits such as:
  • Medical Expenses: Coverage for hospital visits, surgeries, medications, and other necessary treatments.
  • Lost Wages: Compensation for income lost while recovering from a workplace injury.
  • Disability Benefits: Payments for temporary or permanent disabilities caused by work-related accidents.
  • Accidental Death & Dismemberment (AD&D): Financial support for beneficiaries in the event of death or severe injuries like loss of a limb.
At MyNICA, Occupational Accident Insurance is tailored specifically for independent contractors (ICs) affiliated with their ecosystem. It offers comprehensive coverage for work-related injuries, including medical and disability expenses, as well as AD&D benefits. This program is designed to provide peace of mind and financial security for ICs while they focus on their work.
Once I purchase Occupational Accident Insurance when will my coverage be effective?
Once the forms are filled out and you are associated and doing work with a NICA-affiliated company coverage will commence.
What proof will be provided that I have Occupational Accident coverage?
When you enroll in MyNICA's Occupational Accident Insurance program, you will receive proof of coverage. This document serves as official evidence that you are covered under the program and includes key details such as:
  • The type of coverage provided.
  • Policy limits and effective dates.
  • Your name as the insured party.
This policy document is similar to a Certificate of Insurance (COI) commonly used in the industry and can be presented to contracting companies, motor carriers, or regulatory authorities to confirm your compliance with insurance requirements. MyNICA ensures that all eligible ICs have access to this documentation, which is tailored to their specific program.
What is Cargo insurance?
Cargo insurance is a type of policy that protects against financial loss if goods are damaged, lost, or stolen during transit. It is particularly important for independent contractors in industries like trucking, where the safe delivery of goods is critical. Key features of cargo insurance include:
  • Coverage Scope: Protection against risks such as accidents, theft, fire, vandalism, and natural disasters during transportation.
  • Policy Types: Options include "all-risk" policies (broad protection) or "named perils" policies (coverage for specific risks).
  • Coverage Limits: Policies typically have limits, depending on the value of the cargo.
While MyNICA's primary focus is on Occupational Accident Insurance, they also collaborate with insurance brokers to offer cargo insurance at competitive group rates for affiliated ICs. This ensures that contractors have access to affordable and comprehensive coverage to protect the goods they transport, enhancing their professional reputation and financial security.
Can I cancel the insurance products at any time?
MyNICA’s insurance products operate on a pay-as-you-go model, meaning you’re only covered while you’re actively working and paying deductions. This flexible structure is specifically designed to accommodate the gig nature of independent contractor (IC) work cycles. You only pay for insurance during the periods when you’re working, ensuring that coverage aligns with your active employment. There are no long-term commitments, and coverage automatically ceases when you stop working or paying deductions.
How do I cancel Occupational Accident Insurance?
You don’t need to formally cancel your Occupational Accident Insurance. If you’re not currently working with a MyNICA-affiliated contracting company, your policy automatically becomes dormant. Coverage pauses during periods of inactivity and resumes seamlessly when you return to work and deductions restart. This streamlined process eliminates the need for manual cancellation and ensures that your insurance is always aligned with your work status.

A Smarter Way to Support Your Independent Contractors

Simplify contractor management with MyNICA. Reduce risk, save time, and ensure your contractors have the coverage and compliance they need, so your business runs smoothly.

Register Today!

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