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Are Worthington Industries 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 Worthington Industries, 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 Worthington Industries offer to its employees?
Worthington Industries offers a 401(k) retirement savings plan to help employees save for retirement.
Is participation in the 401(k) plan at Worthington Industries mandatory?
No, participation in the 401(k) plan at Worthington Industries is voluntary; employees can choose whether or not to enroll.
What is the employer match for the 401(k) plan at Worthington Industries?
Worthington Industries offers a competitive employer match for its 401(k) plan, typically matching a percentage of employee contributions, subject to specific limits.
How can employees at Worthington Industries enroll in the 401(k) plan?
Employees can enroll in the 401(k) plan at Worthington Industries by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.
What investment options are available in Worthington Industries' 401(k) plan?
Worthington Industries provides a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
Can employees at Worthington Industries change their contribution percentage to the 401(k) plan?
Yes, employees at Worthington Industries can change their contribution percentage to the 401(k) plan at any time, typically through the HR portal.
What is the vesting schedule for employer contributions in the Worthington Industries 401(k) plan?
The vesting schedule for employer contributions in the Worthington Industries 401(k) plan may vary, but generally, employees become fully vested after a certain number of years of service.
Does Worthington Industries offer any financial education resources for employees regarding the 401(k) plan?
Yes, Worthington Industries provides financial education resources and workshops to help employees understand their 401(k) options and make informed investment decisions.
At what age can employees at Worthington Industries start withdrawing from their 401(k) plan without penalties?
Employees at Worthington Industries can generally start withdrawing from their 401(k) plan without penalties at age 59½, subject to specific IRS regulations.
Are there loans available against the 401(k) plan at Worthington Industries?
Yes, Worthington Industries may allow employees to take loans against their 401(k) plan balance, subject to the plan's specific terms and conditions.
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