While business insurance policies by definition provide coverage for the business itself, individual company officers may still be personally exposed to financial losses resulting from a lawsuit. To protect your company’s leadership, you may want to consider purchasing directors and officers (D&O) liability insurance. What D&O covers Directors and officers is a type of liability…
Dear Valued Customer, A wide range of claims against a business have the potential to target company leadership for responsibility—and liability. In this issue of the “———————-“ we’re including information and tips that can ensure you are protected in many ways. Directors and Officers Insurance (D&O), is about protecting your business from liability issues. While…
The table below reflects current state minimum wages in effect as of Jan. 1, 2020, as well as future enacted increases. Summary 2020 Highlights Twenty-one states began 2020 with higher minimum wages. Seven states (Alaska, Florida, Minnesota, Montana, Ohio, South Dakota, and Vermont) automatically increased their rates based on the cost of living, while 14 states (Arizona,…
The federal overtime provisions are contained in the Fair Labor Standards Act (FLSA). Unless exempt, employees covered by the Act must receive overtime pay for hours worked over 40 in a workweek at a rate not less than time and one-half their regular rates of pay. There is no limit in the Act on the…
WAGES, PAY AND BENEFITS When are pay raises required? Pay raises are generally a matter of agreement between an employer and employee (or the employee’s representative). Pay raises to amounts above the Federal minimum wage are not required by the FLSA. Is extra pay required for weekend or night work? Extra pay for working weekends…
Dear Valued Customer, A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. In this issue of “—————-” we focus on understanding exactly what that means and your obligations under this law. What exactly is the federal minimum wage? Must young workers be paid the minimum wage? What is the minimum wage…
What is the federal minimum wage? Under the Fair Labor Standards Act (FLSA), the federal minimum wage for covered nonexempt employees is $7.25 per hour effective July 24, 2009. Many states also have minimum wage laws. Where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher minimum wage rate.…
Must young workers be paid the minimum wage? The Fair Labor Standards Act (FLSA) requires payment of at least the Federal minimum wage to covered, nonexempt employees. However, a special minimum wage of $4.25 per hour applies to employees under the age of 20 during their first 90 consecutive calendar days of employment with an employer. After 90 days, the…
Businesses, homes and cars damaged or vandalized in the uprisings and civil unrest after the death of George Floyd in Minneapolis will be covered by most insurance policies. With few exceptions, auto, business and homeowner insurance policies cover property damage caused by such incidents, industry experts told USA TODAY. “I would expect anyone that has actual,…
What happens when a riot or civil commotion breaks out in your town? No one wants to deal with property damage to their home or business due to rioting and unrest. Fortunately, there’s something called riot, vandalism, and civil commotion insurance. What Is Riot, Vandalism, and Civil Commotion Insurance? Basically just a unique form of…
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1835 N. Fine Ave, Fresno CA 93727
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