Are Public Service Enterprise Group Incorporated 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 Public Service Enterprise Group Incorporated, 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 Public Service Enterprise Group Incorporated offer to its employees?
Public Service Enterprise Group Incorporated offers a 401(k) retirement savings plan to its employees.
How can employees of Public Service Enterprise Group Incorporated enroll in the 401(k) plan?
Employees of Public Service Enterprise Group Incorporated can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
Does Public Service Enterprise Group Incorporated provide matching contributions to the 401(k) plan?
Yes, Public Service Enterprise Group Incorporated offers matching contributions to the 401(k) plan, subject to certain eligibility criteria.
What is the maximum contribution limit for the 401(k) plan at Public Service Enterprise Group Incorporated?
The maximum contribution limit for the 401(k) plan at Public Service Enterprise Group Incorporated aligns with the IRS guidelines, which may change annually.
Can employees of Public Service Enterprise Group Incorporated take loans against their 401(k) savings?
Yes, employees of Public Service Enterprise Group Incorporated may have the option to take loans against their 401(k) savings, subject to specific terms and conditions.
What investment options are available in the 401(k) plan at Public Service Enterprise Group Incorporated?
Public Service Enterprise Group Incorporated offers a variety of investment options in its 401(k) plan, including mutual funds, stocks, and bonds.
How often can employees change their contribution amounts to the 401(k) plan at Public Service Enterprise Group Incorporated?
Employees of Public Service Enterprise Group Incorporated can change their contribution amounts to the 401(k) plan at designated times throughout the year, typically during open enrollment periods.
Is there a vesting schedule for employer contributions in the 401(k) plan at Public Service Enterprise Group Incorporated?
Yes, there is a vesting schedule for employer contributions in the 401(k) plan at Public Service Enterprise Group Incorporated, which determines when employees fully own the employer's contributions.
What happens to the 401(k) savings if an employee leaves Public Service Enterprise Group Incorporated?
If an employee leaves Public Service Enterprise Group Incorporated, they can roll over their 401(k) savings to another retirement account, cash out, or leave the funds in the plan if eligible.
Are there any fees associated with the 401(k) plan at Public Service Enterprise Group Incorporated?
Yes, there may be fees associated with the 401(k) plan at Public Service Enterprise Group Incorporated, which can include administrative fees and investment management fees.
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