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Are Valvoline 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 Valvoline, 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 Valvoline?
Valvoline offers a 401(k) plan that allows employees to save for retirement with pre-tax contributions, helping them build a nest egg for their future.
How can employees enroll in Valvoline's 401(k) plan?
Employees can enroll in Valvoline's 401(k) plan by accessing the enrollment portal through the company's HR website or contacting the HR department for assistance.
What types of contributions can employees make to Valvoline's 401(k) plan?
Employees can make pre-tax contributions, Roth (after-tax) contributions, and may also have the option for catch-up contributions if they are age 50 or older.
Does Valvoline offer a company match for the 401(k) contributions?
Yes, Valvoline offers a company match for employee contributions to the 401(k) plan, which helps employees maximize their retirement savings.
What is the vesting schedule for Valvoline's 401(k) company match?
The vesting schedule for Valvoline's 401(k) company match typically follows a graded schedule, meaning employees become vested in the company match over a period of time.
Can employees change their contribution amounts to Valvoline's 401(k) plan?
Yes, employees can change their contribution amounts to Valvoline's 401(k) plan at any time, subject to the plan's rules and guidelines.
What investment options are available in Valvoline's 401(k) plan?
Valvoline's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
Is there a loan option available in Valvoline's 401(k) plan?
Yes, Valvoline's 401(k) plan may allow employees to take loans against their account balance, subject to specific terms and conditions outlined in the plan.
What happens to the 401(k) plan if an employee leaves Valvoline?
If an employee leaves Valvoline, they have several options for their 401(k) plan, including rolling it over to an IRA or a new employer's plan, or cashing it out (subject to taxes and penalties).
How often can employees access their 401(k) statements from Valvoline?
Employees can access their 401(k) statements from Valvoline on a quarterly basis, and they can also view their account online at any time.
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