Monthly Archives

April 2013

FDIC standard maximum deposit law

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Starting on January 1st, 2013, federal law stated that funds deposited in a noninterest-bearing transaction account will no longer receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).

This means that all of a depositor’s accounts at an insured depository institution, including any noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount. The current standard is about $250,000, for each of the ownership categories for deposit insurance.

For larger depositors, this means that they have to split up their deposits into several different banks.

“Most individual savers keep their money in interest-bearing accounts, where since the crisis the insurance coverage was raised to $250,000 from $100,000. Some families have gotten around the insurance limit by dividing money into separate $250,000 accounts under the names of different family members.” 

And according to the New York Times, when the banks were given insurance for these unlimited deposit accounts, the amount of money rose in these accounts by over 70 percent ($678 billion).

For those using smaller banks, this increases the chances of them failing. There is general belief that if a larger bank were to fail, the government would step in to ensure that it would not with bank bailouts.

For more information on what this means for you and your deposits, give us a call at (414) 273-1144 or use our web submission form.

 

Personal injuries

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Sometimes we run into a situation that is beyond anyone’s control and it ends up resulting in a personal injury. Other times personal injuries, or harmful accidents, occur because someone makes a mistake that could have been prevented.

When your life has seriously been altered or disrupted due to an accident resulting in an injury, your best bet is to find a personal injury lawyer to help walk you through your options.

Personal injury lawyers help you deal with (but are not limited to) the following personal injury cases:

If you have suffered from an injury because of the actions, or negligence, of another person it could become a serious and significant impact on your life in every aspect. A few of the main examples are restricting your ability to gainful employment, to the inevitable medical bills, costs of physical therapy,  emotional therapy, and the potential of ongoing treatment. All of these can be financially devastating.

When looking for a lawyer try to find someone who is straight forward and gives you honest answers while they are evaluating whether or not you have a personal injury case.

Results with Integrity
Wisconsin residents have trusted our award-winning lawyers to represent them and their loved ones for more than 30 years.  We’ve earned our clients’ trust — and the respect of the industry — by practicing law with the highest ethical standards in the legal professions.  Our extraordinary track record comes from a combination of experience, skill, hard work, integrity, and compassion.  With Gutglass, Erickson, Bonville & Larson S.C., you’re getting the best lawyers you can ask for. Give us a call today at (414) 273-1144.

Workers' compensation for construction workers

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The construction business is a dangerous way to make a living. The physical demands and the day-to-day risks of a construction worker is quite possibly the most dangerous and difficult profession. That’s why it is a good idea to be properly educated on workers’ compensation.

Worker’s Compensation

injured-construction-workers-compensationAccidents that happen during construction work more often than not result in workers’ compensation claims. There are laws that will help a construction worker get properly compensated if he or she gets injured during an accident on the job. In just about every state, construction companies are require to carry workers’ compensation insurance if they have at least one employee and do one of the following: demolish, repair, builds, or alters anything.

Rights of an Injured Worker

If an employer of an injured worker fails to carry the required insurance, there are specific processes the worker must do to collect to pay off medical bills. Remember, it is the liability of the company to have proper insurance. If they don’t have it, then you are still able to collect with funds such as the Second Injury Fund or programs that are similar.

If you have suffered from an accident and are not being properly compensated for your loss, you will want to speak to an attorney about your options.

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At Gutglass, Erickson, Bonville & Larson, we understand the challenges of dealing with a workers’ compensation claim and we are here to help. If you need help understanding  workers’ compensation laws, give us a call and we will help you get access to your benefits. Call us today at (414) 273-1144.

Workers' compensation for a reoccuring injury

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gutglass-workers-compensationRe-injurying yourself on the job is an incredibly difficult process to go through. After rehabbing through several months, you find yourself again, at home and unable to work.

Worker’s compensation was there for you the first time and it helped you cover your medical bills and you were able to pay off your mortgage or pay your rent. But what about this time?

Well if you re-injure the same body part, there are several questions you need to ask yourself:

  1. Was it your work that caused a re-injury?
  2. Is it your previous injury re-surfacing?
  3. Can you prove that your work was the main factor in what caused the new injury or re-injury?
  4. Who is liable?

Was it your work that caused a re-injury?

This question is important because it will help determine if a new claim needs to be filed or not. If you truly re-injured yourself, a new claim will have to be filed for compensation.

Is your previous injury re-surfacing?

If it is your old injury re-surfacing itself (it wasn’t healed properly before you went back to work), you are eligible to claim benefits and treatment off your original injury claim.

Other issues about your claim include:

  • Are your benefits from your original injury able to be attributed to your re-injury?
  • Have you filed a claim, settled the original claim or still within the time allowed for filing a claim?

Can you prove it was your work that was the main reason for your injury?

This is a major question as it will determine whether you are eligible for workers’ compensation or not. If you didn’t suffer an injury on the job, you aren’t eligible for workers’ compensation. Therefore, being able to prove that is very important.

For the most part, your employer will restrict the amount of work you can do when you come back on the job for a work-related injury. If a doctor clears you for handling a certain amount of workload and your employer allows you to do so, they are most likely responsible for any type of re-injury.

Who is liable?

If you slip and fall because of a mess from a coworker that didn’t clean up after themselves, you can easily prove that you are not liable. If you injure yourself from a mess because you didn’t clean it up and your business has documented that they told you to, it is possible they have saved themselves from being liable.

If you or someone you know has suffered a workplace injury or re-injury, it is time to apply for workers’ compensation benefits.  If you need to determine whether or not you need to file a new claim or pursue benefits on an existing workers’ compensation claim, you need to contact Gutglass, Erickson, Bonville & Larson today at (414) 273-1144.