Articles
Effective December 1, 2016, the new overtime rule will increase the minimum salary level for exempt employees from $455 per week ($23,660 annually) to $921 per week ($47,892 annually). The new salary level is based upon the 40th percentile of weekly earnings of full-time salaried workers in the lowest wage region of the country, which is currently the South. The new overtime rule also establishes an automatic updating mechanism that adjusts the minimum salary level every three (3) years. The first automatic increase will occur on January 1, 2020. Proposed New Overtime Rules If you make less than $921 per week or $47,892 per year, even if your primary job duties are executive, administrative, or professional duties (“white collar exemptions”), you are still entitled to overtime pay under the proposed new overtime rules. It is important to… Read More
As long as you had insurance at the time of the crash, canceling your policy with have no affect on your claim. Insurance companies love to say you shouldn’t cancel in an attempt to keep you paying your premiums. If you are not receiving the customer service you deserve, cancel your policy. With so much competition within the market you should not have a problem finding another car insurance company at a reasonable price. We do suggest that you avoid “bargain” insurance companies because they provide minimal coverage and poor service. Minimum Coverage Requirements In Florida, all that is required to have “full coverage” is $10,000 in Property Damage liability coverage and $10,000 in Personal Injury Protection (“PIP”). You may have heard that Florida is a “no-fault” state. This means in every car accident the…Read More