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Entries for June 2015

16

On Nov. 4, 2014, Massachusetts voters approved a ballot measure, known as the “Massachusetts Paid Sick Days Initiative,” to provide earned paid sick leave to employees. The Earned Sick Time Law is effective July 1, 2015, and generally covers all employers in Massachusetts. However, employers must comply with existing collective bargaining agreements or contracts that have more generous leave provisions. Information that employers need to know.

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04

The Massachusetts Senate was successful in adding Section 8A of S-1930 to its version of the 2016 State Budget that increases the Property Damage Threshold for Minor and Major accidents. The current thresholds are Minor Accident: $500 -$2,000 in damage to someone else's property, collision, limited collision, or bodily injury to others; Major Accident $2,001+ in damage. If the language survives the budget conference committee, the new threshold for Minor Accidents will be $1,001 and the threshold for Major Accidents will be $5,001. This could result in significant savings for drivers on their insurance premiums.

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The information provided in these articles are only general descriptions and should not be relied upon as complete, correct or accurate for your specific situation. All coverage informaiton is subject to policy provisions, endorsements and may be  subject to your meeting underwriting qualifications. Murphy Insurance Agency is not engaged in rendering legal, accounting or other noninsurance professional services. Consult an appropriate professional for advice regarding your own situation.