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Are Arch Resources employees responsible for the damage caused by a tree on their property that hits their neighbor’s home or other insured structure, such as a garage or shed?
In most cases, the answer is “no.”
When such damage occurs to your neighbor’s home due to forces outside your control (e.g., weather events), your neighbors may have to file a claim with their insurer to receive a reimbursement for the damage a fallen down tree caused.
There is one exception, however.
If it is determined that the tree damage stems from your negligence (e.g., dead limbs that you refused to cut down, or you chose to trim your tree as a weekend project), then the neighbor’s insurer may come after you to recover their loss—a process called subrogation.¹
You may want to check your policy or speak to your insurance agent to ascertain if your homeowner's policy covers your liability in cases of negligence.
When Neighbors Sue
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Some neighbors may seek to bring legal action against you, though often that is unnecessary.
For those working at Arch Resources, determine what municipal laws are in place to cover such instances. Generally speaking, you are not responsible unless you knew, or should have known, about the danger. Proving what you knew or should have known can be difficult and costly in a court of law. It typically benefits both parties to arrive at a compromise that avoids an expensive legal process.
The information in this material is not intended as legal advice. Please consult legal or insurance professionals for specific information regarding your individual situation.
What type of retirement savings plan does Arch Resources offer?
Arch Resources offers a 401(k) retirement savings plan to help employees save for their future.
Does Arch Resources match employee contributions to the 401(k) plan?
Yes, Arch Resources provides a matching contribution to employee 401(k) contributions, subject to certain limits.
What is the eligibility requirement to participate in the Arch Resources 401(k) plan?
Employees of Arch Resources are eligible to participate in the 401(k) plan after completing a specified period of service.
How can employees at Arch Resources enroll in the 401(k) plan?
Employees can enroll in the Arch Resources 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What investment options are available in the Arch Resources 401(k) plan?
The Arch Resources 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds.
Can employees at Arch Resources take loans against their 401(k) savings?
Yes, Arch Resources allows employees to take loans against their 401(k) savings, subject to certain conditions and limits.
What is the vesting schedule for the Arch Resources 401(k) matching contributions?
The vesting schedule for Arch Resources’ matching contributions typically follows a graded schedule, which employees can review in the plan documents.
How often can employees at Arch Resources change their 401(k) contribution amount?
Employees at Arch Resources can change their 401(k) contribution amount at specified times throughout the year, as outlined in the plan guidelines.
What happens to the 401(k) savings if an employee leaves Arch Resources?
If an employee leaves Arch Resources, they can choose to roll over their 401(k) savings into another retirement account or take a distribution, subject to tax implications.
Are there any fees associated with the Arch Resources 401(k) plan?
Yes, there may be administrative fees associated with the Arch Resources 401(k) plan, which are disclosed in the plan documents.