by Ridgemark Insurance | May 21, 2024 | Uncategorized
The U.S. Department of Labor has issued a final rule increasing the federal salary threshold for overtime exemptions by 65%, with the full increase starting in 2025. Currently, any worker who does not earn at least $35,568 per year ($684 per week) must be paid...
by Ridgemark Insurance | May 14, 2024 | Uncategorized
The Federal Trade Commission on April 23 approved a new rule that bans employers from requiring new employees to sign non-compete agreements. The rule will take effect in August 2024, after the commission voted 3-2 to approve it. Besides banning future non-compete...
by Ridgemark Insurance | May 7, 2024 | Uncategorized
The organization that helps set workers’ compensation rates in California will recommend that benchmark rates increase 0.9%, with effect from Sept. 1, 2024. While the recommendation is less than 1%, the Workers’ Compensation Insurance Rating Bureau noted that it was...
by Ridgemark Insurance | Apr 30, 2024 | Uncategorized
Why Your Firm May Need Professional Liability Coverage Many companies are leaving themselves exposed to lawsuits for errors and other issues that crop up in their work because they lack professional liability insurance. Traditionally it’s been architects, accountants...
by Ridgemark Insurance | Apr 23, 2024 | Uncategorized
The average age of a construction worker is now in the 40s. Baby boomers — people born between 1946 and 1964 — represent 40% of the construction industry workforce, according to the Center for Construction Research and Training. The nature of construction work...
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