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Are NortonLifeLock 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 NortonLifeLock, 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 NortonLifeLock?
The 401(k) plan at NortonLifeLock is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
Does NortonLifeLock offer a matching contribution for the 401(k) plan?
Yes, NortonLifeLock offers a matching contribution to the 401(k) plan, which helps employees increase their retirement savings.
How can I enroll in the 401(k) plan at NortonLifeLock?
Employees can enroll in the NortonLifeLock 401(k) plan through the company’s HR portal during the enrollment period or after a qualifying event.
What are the eligibility requirements for the 401(k) plan at NortonLifeLock?
To be eligible for the NortonLifeLock 401(k) plan, employees typically need to be full-time employees and meet a minimum service requirement.
Can I change my contribution rate for the NortonLifeLock 401(k) plan?
Yes, employees can change their contribution rate for the NortonLifeLock 401(k) plan at any time, subject to plan rules.
What investment options are available in the NortonLifeLock 401(k) plan?
The NortonLifeLock 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Is there a vesting schedule for the NortonLifeLock 401(k) matching contributions?
Yes, NortonLifeLock has a vesting schedule for matching contributions, which determines how much of the employer contributions you own based on your years of service.
How can I access my 401(k) account information at NortonLifeLock?
Employees can access their 401(k) account information through the NortonLifeLock benefits portal or by contacting the plan administrator.
What happens to my NortonLifeLock 401(k) if I leave the company?
If you leave NortonLifeLock, you can choose to roll over your 401(k) balance to another qualified plan, cash it out, or leave it in the NortonLifeLock plan if eligible.
Are loans available from the NortonLifeLock 401(k) plan?
Yes, employees may have the option to take loans from their NortonLifeLock 401(k) plan, subject to specific terms and conditions.
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