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Overtime is highly popular among employees who want to squeeze those few extra dollars out of the week for a job well done. It’s far less popular among employers worried about longer work weeks stretching a skimpy budget even thinner. In many industries, overtime has become a way of life. However, eager employees and employers aren’t the only ones interested in the type of work being performed “after hours.” Workers Comp insurance companies and the IRS have developed their own standards for overtime pay — and these rules could mean trouble for companies that violate them.
Here’s an example of a company that decided to ignore the regulations set by Comp insurers and the IRS. The owner of a New Hampshire trucking business decided that instead of confusing himself and everyone else about overtime pay for some of his workers, he would “reward” them by paying the difference in cash under the table. To make a long story short, the owner got slapped with a slew of federal conspiracy charges from the IRS and the Transportation Department — not to mention an angry Workers Comp insurance company.
The bottom line: Creative schemes to cut Comp costs are never an acceptable alternative. Businesses buy this coverage to protect both themselves and their worker in the event of a workplace illness or injury, regardless of whether it occurred during the regular work week or while working overtime.
Our Happy Customer program is specially designed to capture your feedback and opinion. If you would also like to share your experience with Scurich Insurance Services, please do participate in Happy Customer. We would love to hear from you!
Here are a few testimonials from some of our Happiest Customers!
“Tony Scurich and his staff have a great reputation for service to their customers. Tony has also been a very active volunteer for Boy Scouting in Watsonville for many years, as well as other community organizations.” Charles H. Concord, CA
“you can always depend on their consistency with quality people, quality service and reasonable commercial rates. They’ve helped me in a pinch more than once. I highly recommend them!” Eddie O. Morgan Hill, CA
The most recent figures from the National Center for Health Statistics show that 18.6 million American adults (that’s one in 12) suffers from asthma, If you’re one of them, buying Life insurance can be costly — depending on the severity of your condition and your reaction to treatment.
However, asthmatics with a good track record of controlling their symptoms can have a near normal life expectancy. So, if it’s been more than two or three years since your asthma led to an ER visit and your condition hasn’t caused you to miss work, you shouldn’t have much trouble getting Life coverage at or near a “standard” premium. Before you apply for coverage, it makes sense to:
Have your physician monitor your condition at least twice a year.
Follow the medications the physician prescribes.
List these medications on your insurance application.
Provide a comprehensive medical history for the application.
If you’re a smoker, kick the habit!
We’d be happy to review your situation and recommend the coverage that’s best for you. Contact Scurich Insurance Services today for more information.
Born in Watsonville Tony has been in the insurance business since 1981 and with Scurich Insurance since 1983. Tony is married with 3 children, graduated from Watsonville High in 1977 and Santa Clara University in 1981. Current activities include running at Rio Del Mar Beach & West Cliff Drive, biking, cooking/BBQing, reading biographies and eating breakfast burritos at Pixie Deli. Past and present community activities include board member of St Francis High School, Pajaro Valley Historical Association, YMCA (board member and youth basketball coach), Boy Scouts of America and, Pajaro Valley Chamber of Commerce (board chair in 2004).