Insurance Requirements. It is vital that you understand the distinction between independent contractors and employees.This affects you and your business. Rehiring employees as contractors is legally accepted. THIS CONTRACT FOR SERVICES, is made and entered into on this 10 day of July ,. Consult with an employment law attorney to make sure you are not going to misclassify a worker as an independent contractor. Term: The initial term of the Agreement commences on the Effective Date and continues for a one (1)year period. For example, you can hire a former employee as a contractor to train new staff, or complete a project or two independently. Fulton Avenue HealthCare. 72 Fulton Avenue, Suite 300.