Mission Statement

"Our mission is to create peace of mind and build enduring relationships."

Bob Lancaster Insurance's mission statement is the core of our culture. Our customers always come first, and we strive to provide them with the products and service that best respond to their needs. Building trust and fostering loyal, long-lasting relationships are the essence of who we are and fundamental parts of our company values.

Putting our mission statement to work

Our employees work hard to connect with our customers on a very real and personal level. Find out what Bob Lancaster’s mission means to them and how they carry it out every day.

Bob Lancaster Insurance, serving Florida's insurance needs since 1964. Contact us today at 321-725-1620 - see what we can do for YOU and YOUR BUSINESS!

Wednesday, July 20, 2016

Work Comp Wednesday - More Workers Eligible for Overtime Pay


The federal Fair Labor Standards Act (FLSA) requires that all workers (with some exceptions) receive at least a minimum wage (for 2016, the minimum wage in Florida is $8.05 an hour), as well as overtime pay at one and a half times the employee’s regular rate of pay for hours they work beyond 40 in a workweek.­ This applies to both hourly and salaried workers.

Please note:­ It is a common misconception that employees who are paid on a salary basis are automatically exempt from overtime; this is not true.­ Employees on salary must be paid overtime, unless they make a certain amount and their job duties meet specific criteria.

There are 5 categories of employees who do not have to be paid overtime:­ executive, administrative, professional, outside sales and certain computer-related occupations.­ These are known as the “white collar” exemptions because employees must be paid a certain salary amount and have specific job duties to qualify, like management of other employees or specialized skills that require advance schooling.

To qualify for one of these exemptions (and thus not receive overtime pay), employees must meet certain tests regarding their job duties and be paid a certain minimum salary.­ (One side note: the outside sales exemption does not require a minimum salary amount.)

Currently, the minimum salary amount to qualify for an overtime exemption is $23,660.­ Starting December 1, 2016, however, the minimum salary to be exempt from overtime will increase to $47,476.­ This means that salaried employees whose salary is less than $47,476 a year (or $913 a week) cannot be exempt regardless of their job duties and must be paid overtime for all hours over 40 they work in a given workweek, effective December 1st.

To prevent the salary level from becoming “outdated,” it will be updated automatically every 3 years.­ The first update will take place on January 1, 2020, with future updates occurring every 3 years after.

This change will entitle many workers making more than the current threshold of $23,660 to overtime pay and will be a big change for small businesses.

                                       Contact us for all your Insurance needs! (321)725-1620

Bob Lancaster Insurance
                                                            Serving Florida since 1964

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