New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Fortinet Employees: Navigating the Financial Implications of Fallen Tree Damage on Your Property

Are Fortinet 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

Featured Video

Articles you may find interesting:

Some neighbors may seek to bring legal action against you, though often that is unnecessary.

For those working at Fortinet, 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 is the 401(k) plan offered by Fortinet?

Fortinet offers a 401(k) plan that allows employees to save for retirement through pre-tax contributions, which can help reduce taxable income.

Does Fortinet match employee contributions to the 401(k) plan?

Yes, Fortinet provides a matching contribution to employee 401(k) plans, helping to enhance employees' retirement savings.

What is the eligibility requirement for Fortinet's 401(k) plan?

Employees at Fortinet are eligible to participate in the 401(k) plan after completing a specified period of employment, typically within the first few months.

How can employees at Fortinet enroll in the 401(k) plan?

Employees can enroll in Fortinet's 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

What types of investment options are available in Fortinet's 401(k) plan?

Fortinet's 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.

Can employees at Fortinet take loans against their 401(k) savings?

Yes, Fortinet allows employees to take loans against their 401(k) savings, subject to certain conditions and limits.

What happens to my 401(k) if I leave Fortinet?

If you leave Fortinet, you can either roll over your 401(k) balance into another retirement account or leave it in Fortinet's plan, subject to the plan's rules.

Is there a vesting schedule for Fortinet's 401(k) matching contributions?

Yes, Fortinet has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own the employer match.

How often can employees change their contribution amounts to Fortinet's 401(k) plan?

Employees at Fortinet can typically change their contribution amounts at any time, subject to the plan's specific guidelines.

Are there any fees associated with Fortinet's 401(k) plan?

Yes, Fortinet's 401(k) plan may have administrative fees and investment fees, which are disclosed in the plan documents.