Welcome to the fall edition of our company newsletter, The CFM Distinction.

This is our favorite time of year, but it goes by fast, so enjoy every minute!

Stacie has recently become a member of the Legislative Support Committee for CAI (Community Associations Institute). This committee has been formed to support the efforts of CLAC, CAI’s California Legislative Action Committee. She will be sharing information with you as she works with this very important committee. To get started, please read the following two articles about CLAC:

What is CLAC?
CLAC 2014 Accomplishments
If you are interested in donating to CLAC, please contact CFM to coordinate payment.
Please continue reading for a great article on workers compensation and other important information.

With Gratitude,
Linnea & Stacie

 

No employees = No workers comp? WRONG!

fmm_injury_wkAssociations without employees should still carry a minimum workers compensation policy. The premium is very affordable and the protection is priceless. The coverage will also extend to the directors, officers, and volunteers. You might be wondering why it is so important if the association doesn’t have employees. Imagine a scenario where the association hires a contractor who fails to maintain workers comp coverage and their employee is injured. The association could be held liable to pay workers comp benefits. Or a person is performing work for an association and the work being done requires a contractor’s license but the person does not have a license. That person and all of his employees are considered to be employees of the association. Keep in mind, licenses are required on any job costing more than $500.

These are just a couple of examples of real life situations that can trigger a work comp claim. Protect the association with a no-payroll work comp policy covering the board and committee members too! Contact CFM and we will coordinate securing the policy on your behalf.

Keeping you up to date with information such as this is a reminder why you have chosen CFM as your financial management team. CFM is the only accredited financial management firm in California. We appreciate the opportunity to serve your Association!

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Fall, 2014
No employees = No workers comp? WRONG!  |  Our CFO, Stacie Donnelly, interviewed as a Community Champion

Summer, 2014

New Referral Program  |  Underfunded Community Associations

 

Spring, 2014

Join Us April 24th for a Reception Along With Leading Industry Experts  |  All New Davis Stirling

Winter, 2013

FDIC Changes |  Franklin Award Recipient

Spring, 2013

Corporate status, why do we care? |  Read What Our Clients Are Saying About Us

Fall, 2012

New Laws |  Franklin Award Recipient

Summer, 2012

Are You in Compliance? |  Franklin Award Recipient

Summer, 2010

Find Us on Facebook  |  FDIC Insurance Coverage * Permanently Increased *

Spring, 2010

The Bank Won’t Foreclose, Now What? |  Franklin Award Recipient

Spring, 2009

Is Your Money Working For You? |  Franklin Award Recipien

 

 

 

Fall, 2009

New FHA Regulations |  Franklin Award Recipient

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Updated on 2015-10-02T16:46:36+00:00, by admin.