Posts by Insurance News Editor
Which employees do employers have to train?
Employers having five or more employees must train all supervisors in California, as well as nonsupervisory employees in California. A supervisor is anyone with authority to hire, fire, assign, transfer, discipline, or reward other employees. A supervisor is also anyone with the authority to effectively recommend (but not necessarily take) these actions if exercising that…
Read MoreIN: Mandatory Harassment Training | Are You in Compliance?
Dear Valued Customer, State regulations define sexual harassment as unwanted sexual advances, or visual, verbal or physical conduct of a sexual nature. This definition includes many forms of offensive behavior and includes gender-based harassment of a person of the same sex as the harasser. The following is a partial list of prohibited behavior: Visual conduct:…
Read MoreA Look at Some Common D&O Risks & Claims
Real World Scenarios Here are a few real world scenarios that resulted in the filing of D&O lawsuits: Breach of fiduciary duty. Creditors of a company that was having some financial trouble and in need of capital, sued its directors and officers for failure to identify, evaluate, negotiate, and secure the sale of company assets in…
Read MoreTypes and Costs of D&O Coverage
D&O insurance policies offer liability insurance coverage for the Directors and Officers of non-profit, for-profit, and privately held businesses. Directors and Officers insurance helps protect them from defense costs and damages which may arise from managerial decisions that may have adverse financial consequences. All organizations are vulnerable to D&O insurance exposures. Read more about the who,…
Read MoreDirectors and Officers Insurance
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…
Read MoreIN: Why Get Directors and Officers Insurance?
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…
Read MoreState Minimum Wages | 2020 Minimum Wage by State
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,…
Read MoreOvertime Pay
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…
Read MoreQuestions & Answers About The Fair Labor Standards Act (FLSA)
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…
Read MoreIN: What Are The Minimum Wage Laws In The U.S?
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…
Read More