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

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Are Insperity 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 Insperity, 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 plan does Insperity offer to its employees?

Insperity offers a 401(k) retirement savings plan to its employees.

How can employees of Insperity enroll in the 401(k) plan?

Employees of Insperity can enroll in the 401(k) plan through the company’s online benefits portal during the open enrollment period or after their eligibility period.

Does Insperity provide any matching contributions to the 401(k) plan?

Yes, Insperity provides matching contributions to the 401(k) plan, helping employees to maximize their retirement savings.

What is the vesting schedule for Insperity’s 401(k) matching contributions?

Insperity has a vesting schedule that typically requires employees to work for a certain number of years before fully owning the matching contributions.

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

Yes, Insperity allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.

What investment options are available in Insperity’s 401(k) plan?

Insperity’s 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Is there a minimum contribution requirement for Insperity’s 401(k) plan?

Yes, Insperity requires employees to contribute a minimum percentage of their salary to participate in the 401(k) plan.

How often can Insperity employees change their 401(k) contribution amounts?

Insperity employees can change their 401(k) contribution amounts at any time, subject to the plan’s guidelines.

What happens to Insperity employees' 401(k) savings if they leave the company?

If Insperity employees leave the company, they can roll over their 401(k) savings into another retirement account or leave the funds in the Insperity plan, depending on the plan’s rules.

Does Insperity offer financial education resources for employees regarding their 401(k) plan?

Yes, Insperity provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.