Michigan Cable Layers Insurance Policy Information
Michigan Cable Layers Insurance. As a cable layer, the services you offer are invaluable. Whether fiber optic or coaxial, and whether on land or under the sea, cables are essential telecommunications, electricity, and even for military purposes.
Cable laying contractors install, service, maintain, repair, or replace overhead or underground cables and lines used to provide electricity or communication services including telephone, cable television, and the Internet, both inside and outside of residential and commercial buildings.
The lines may be made of copper or fiber optic covered with heavy-duty plastic sheathing. Operations consist of excavating trenches, laying the cable into the trenches, then filling in the trench with dirt or other materials.
The lines from individual buildings or residences, often already laid by electricians or other contractors, are then hooked up to the system. The contractor may provide 24 hour emergency service.
Homeowners, business owners, health care providers, academic institutions, media organizations; individuals and entities around the world rely on the cables you install every minute of every day in order to function. In other words, as a cable layer, your job is crucial; perhaps more crucial than you even realize.
Despite the imperative nature of your work, and regardless of your hard work and dedication, as with professionals in any field, cable layers face a number of risks. In order to protect yourself from said risks, investing in the right type of commercial insurance is an absolute must.
What type of hazards are cable layers subjected to? What kind of Michigan cable layers insurance coverage should you carry? To find the answers to these questions and more, keep on reading.
Michigan cable layers insurance protects your cable installation business from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.
Why Do MI Cable Layers Need Insurance?
While there's no doubt that cable installation is a high-demand job that can be quite rewarding, it can also be wrought with issues. Handling heavy and awkward spools of cables, climbing poles, digging holes, operating machinery, driving vehicles; these are just some of the tasks that are associated with your job title.
With those tasks come a number of risks, such as accidents, injuries, and even property damages. For instance, you could sustain an injury while climbing a pole or even an electric shock, be involved in a vehicle accident, or damage a client's property.
While there's no doubt that you try your best t adhere to stringent regulations, you consistently go above and beyond to ensure your safety, the safety of those you may work with, and the safety of your surroundings, and you are always try your best to stay alert and aware of your surroundings, something can go wrong when you least expect it.
In the event that things do go awry and you or someone else sustains a serious injury, or property damage occur as a result of a mishap, you could be looking at hefty expenses; bills for any medical care that might be needed or for repairs that may be required, for instance. As you can imagine, such expenses can be exorbitant, and footing the bill yourself could end up putting you in a grave financial situation.
If, however, you have the right Michigan cable layers insurance, if something unexpected does happen, instead of paying for the related expenses out of your own pocket, your insurance carrier will cover said expenses yourself.
To summarize, commercial insurance is the best way to protect yourself from the exorbitant costs and save you from the serious financial hardships that could be associated with unexpected incidents.
What Type Of Insurance Do Michigan Cable Layers Need?
Protecting yourself and your assets from the risks that are associated with the work you do as a cable installer with insurance is an absolute must.
But what kind of Michigan cable layers insurance coverage do you need? While the answer to that question varies from person to person and organization to organization, and depends on several factors, there are some key policies that all cable layers should carry.
A brief overview of these most essential types of Michigan cable layers insurance coverage needed include the following:
- Commercial Property - With this coverage, the physical structure of the building you operate your business out of, as well as the contents within that physical structure, will be protected. This coverage will help to pay for physical damages that your property may experience, as well as the contents within.
- Commercial General Liability - This type of policy will help to pay for third-party liability claims that are related to personal injuries or property damages. In the event that a client sustains an injury while visiting your place of business or if you damaged their property while installing their cable, commercial general liability coverage will help to cover those costs.
- Business Auto - Whether you use company vehicles or your own personal vehicles to operate your business, you'll also want to invest in commercial auto insurance. This policy will help to cover the costs of repairing or replacing work-related vehicles if they are involved in an accident.
The above are just a small handful of the types of Michigan cable layers insurance coverage that should be in force. For more information, speak to a reputable and experience commercial insurance provider.
MI Cable Layers Risks & Exposures
Premises liability exposures at the contractor's office are generally limited due to lack of public access.
Outdoor storage of materials and equipment may create vandalism and attractive nuisance hazards. Off-site exposures are extensive. The area of operation should be restricted by barriers and proper signage to protect the public from the hazards of digging and overhead operations. Shutoff and lockout procedures must be in place to make sure the cable or lines are not live.
Digging and other operations can result in cutting utility cable, damaging property of the utility company, and disrupting service to neighboring residences or businesses. Contractors laying underground cables should verify the absence of other utility lines prior to digging. Once a trench is excavated, there must be shoring or other supports to prevent collapse.
If there is work at heights, falling tools or supplies may cause bodily injury or property damage if dropped from ladders and scaffolding. Construction sites create an attractive nuisance hazard, especially if work is close to residential areas. All equipment must be disabled when not in operation to prevent untrained individuals from using it.
Fencing must be in place with appropriate warning signs to prevent trespassing. A significant morale hazard may be indicated by the absence of detailed procedures to determine utility locations and to research prior uses of the land. The use of subcontractors as well as any contractual liability exposures should be examined.
Personal injury exposures include assault and battery and invasion of privacy. Background checks should be conducted for any employee who will have regular contact with customers.
Completed operations exposures can be very high if the cable is not properly installed. Work for medical facilities, prisons, or large manufacturers can present the potential for catastrophic loss if power is shut down. Quality control, including work order documentation, and employee training, background, and experience is important.
Warranties, guarantees, and maintenance agreements, in which the contractor promises to keep a system in operation, should be reviewed. Shoring methods are vital to prevent cave in following excavation, especially if under streets and roads and any structures.
Environmental impairment liability exposures can be high if the contractor is responsible for the disposal of old capacitors as these may contain asbestos, PCPs, or other hazardous materials. Spillage and leaking of pollutants into the air, ground, or water can result in high cleanup costs and fines.
Disposal procedures must adhere to all EPA and other regulatory standards. Proper written procedures and documentation of both the transportation and disposal process are important.
Operations can result in claims of noise or dust pollution by neighboring properties and claims for cumulative structural damage to neighboring foundations from heavy traffic.
Workers compensation exposures can be severe. Lifting and back injuries, hernias, sprains, and strains can occur from setting up retaining walls or trenches, installing cable lines, or working from awkward positions. The collapse of retaining walls or overturn of equipment may result in severe injury or death from crushing or suffocation.
Digging may result in electrocution from underground electrical lines or asphyxiation from ruptured gas lines. If lines are overhead, workers may fall from heights or be hit by falling objects. Hazards increase in the absence of adequate shutoff and lockout procedures to make sure the wiring is not live.
Common hazards include slips and falls, foreign objects in the eye, hearing impairment from noise, cuts or puncture wounds, bites from insects or vermin, temperature extremes, auto accidents during transportation to and from job sites, and exposure to pollutants.
Serious injuries may also arise during work with hand tools, large, heavy machinery, or from the carelessness of fellow employees. The absence of good maintenance, proper use of basic safety equipment, such as properly installed guards, steel-toed shoes, and eye protection, and strict enforcement of safety practices may indicate a morale hazard.
The removal of old capacitors may involve work with PCBs, requiring special training and procedures to be in place.
Property exposures at the cable layer's own location are usually limited to those of an office and storage of materials, equipment, and vehicles. Cable waiting to be installed is bulky. If a fire starts, the smoke is heavy. The blaze could be difficult to extinguish if there is high stockpiling.
Fire hazards may arise from refueling and repair operations due to the storage and use of flammable gasoline and other fuel sources. Copper cable may be targeted by thieves. Appropriate security controls should be taken including alarms, lighting, and physical barriers prohibiting access afterhours.
Inland marine exposures include accounts receivable if the contractor bills customers for services, contractors' equipment, construction materials in transit, installation floater, and valuable papers and records for customers' and suppliers' information. Backup copies of all data should be stored off premises.
Cable and excavation equipment is bulky and can be difficult to transport without adequate loading, tie-down and unloading procedures. The cable may be susceptible to damage by cutting, tearing, or bending. Ground at the construction site may be uneven. Equipment may strike underground objects or utilities, fall into holes or pits, slip or fall into mud, water, or sinkholes, be damaged in rock, land, or mud slides, or burst into fire from overload.
Equipment may be subject to changes in the weather, water hazards, or being struck by other vehicles. Materials and equipment left at job sites may be subject to theft and vandalism. Equipment should be secured and rendered inoperable when not in use. Contractors may lease, rent or borrow equipment, or may lease out, rent or loan their owned equipment to others, which poses additional risk as the operator may be unfamiliar with operation of the borrowed item.
Crime exposures are primarily due to employee dishonesty. Some cable made with copper may have a relatively high value. Partial shipments or unused excess from a job may be diverted, often in collusion with delivery persons.
Background checks should be conducted prior to hiring any employee. There must be a separation of duties between persons handling deposits and disbursements and reconciling bank statements. Physical inventories should be conducted on a regular basis to prevent employee theft of equipment and supplies.
Commercial exposures can be high due to the transport of heavy equipment and lifting devices for cable laying. Secure tying down is vital to prevent heavy damage to other vehicles. In rural areas, roads may be narrow and the ground uneven, increasing the risk of collision and upset.
The driver of the truck must be trained in handling a top-heavy vehicle as considerable skill and knowledge are required for safe driving. If there is a collision, the resulting overturn may spill the load spill onto a public road and prevent access until cleanup is completed. All drivers must have appropriate licenses and acceptable MVRs.
Random drug and alcohol testing should be conducted. Vehicles must be maintained, and the records kept in a central location.
Michigan Cable Layers Insurance - The Bottom Line
To learn more about the specific types of Michigan cable layers insurance policies you'll need and how much coverage you should carry, consult with a reputable broker that is experienced in business insurance.
Michigan Economic Data And Business Insurance Requirements
Business owners who are interested in establishing operations Michigan must have a thorough understanding of the state's economy. They should also familiarize themselves with any regulations and limits that state may have in place for commercial insurance.
Any entrepreneur who is thinking about starting a business in the Great Lake State first needs to determine if it's a feasible location for business operations. As such, it's important to have a keen understanding of pertinent details regarding the economy of Michigan, in addition to the types of insurance coverage that are mandatory for corporations that operate within the state.
Economic Trends for Businesses In Michigan
After a long period of stagnant job growth in the early part of the 21st century, MI has been experiencing a steady increase in employment gains. Between 2009 and 2018, the state has enjoyed a period of uninterrupted job growth; the longest stretch of job growth since World War II. According to economists at the University of Michigan. While there has been a slight decline in the rate of job growth, job creation continues and forecasters say will continue for the next two years, into 2021.
In 2018, an estimated 55,200 jobs were created; in 2019, it's expected that 35,800 jobs will be created, and in 2020, economists believe that there will be a total of 39,300 jobs created in Michigan. While that rate of growth is 1.9 percent slower than the job growth rate between 2011 and 2016, it is still a steady increase overall. In total, approximate 683,200 jobs will be created in MI between 2099 and 2020; almost four out of the five jobs that were lost during the early part of the 21st century will be recovered.
While the unemployment rate has steadily improved, it is still above the national average. In March of 2019, the national unemployment rate was 3.8 percent, while in the state of Michigan, it was 4.0 percent. Mid-Michigan has experienced the largest growth rate in the state, and according to forecasters, it looks like that trend will continue, moving forward. Industries that are expected to see the most growth include:
- Energy, due largely to research and development in clean energy
- Food and agriculture
- Transportation and mobility
- Healthcare industry
- Information and technology
In the state of MI, business owners are not legally required to carry liability insurance; but most entrepreneurs opt to invest in a General Liability or Business Owner's Policy (BOP). A commercial auto insurance policy is also required for any businesses that use motor vehicles to conduct any aspect of their business operations. Workers' compensation insurance is also required for any businesses with non-owner employees. While the following forms of coverage are not required, depending on the type of business you operate, they are recommended:
- Data breach insurance
- Business income insurance
- Commercial Umbrella insurance
Additional Resources For Construction Contractors Insurance
Learn about construction contractors insurance, including how much the premium costs and what is covered - and how business insurance can help protect your construction business from lawsuits.
- Blasting & Drilling Contractors
- Bridge Contractors
- Building Contractors
- Cable Layers
- Demolition Contractors
- Dock & Pier Contractors
- Dredging Contractors
- Foundation Layers
- General Contractors
- Road Contractors
- Sewer Contractors
- Steel Erection Contractors
- Surety Bonds
Construction contractors have substantial needs for many types of insurance coverage. Most would point to the importance of coverage for completed operations, premises liability coverage during construction operations at jobsites and professional or design errors and omissions insurance.
Such coverages can be provided only when the interests of the contractor and of the property owner are understood; particularly the contractual obligations assumed by the contractor. Next in significance is the workers compensation exposure followed by business automobile. Inland marine coverage for expensive mobile equipment, supplies, other tools of the trade and builders' risk can be vital.
Liability coverage is needed by a construction contractor in order to obtain most jobs. In addition, if a contractor wants to stay in business, it must be obtained to protect it from lawsuits due to its premises operations, off-site locations and products/completed operations exposures. Owners and contractors protective liability and railroad protective liability coverages may also be required in certain cases in order for a contractor to meets its obligations for particular jobs.
Many construction contractors do not have the usual location-specific buildings and business personal property exposures. Their business property is more mobile and, therefore, better covered with inland marine coverage forms. However, for those larger construction contractors that own buildings and/or maintain business inventory there are many coverage forms and choices available to them.
Construction contractors use their vehicles to get to and from their workplaces and jobsites. They also use vehicles to transport equipment and inventory to those locations. It is important to cover the liability of these vehicles for injury or damage they may cause, as well as to provide coverage for damage to the vehicles themselves.
Employers are required to provide coverage for injuries sustained by their employees while on the job. Construction contractors must comply with these requirements but some try to avoid them by hiring subcontractors. These subcontractors may actually operate and qualify as employees. The relationship between a contractor and its subcontractors must be carefully evaluated in order to determine if workers compensation coverage is still needed.
Minimum recommended small business insurance coverage: Business Personal Property, Employee Dishonesty, Surety Bonds, Accounts Receivable, Builders' Risk, Computers, Valuable Papers and Records, General Liability, Employee Benefits Liability, Umbrella Liability, Business Automobile Liability and Physical Damage, Hired and Nonowned Auto Liability & Workers Compensation.
Other commercial insurance policies to consider: Building, Business Income with Extra Expense, Earthquake, Flood, Leasehold Interest, Real Property Legal Liability, Contractors' Equipment, Goods in Transit, Installation Floater, Cyber Liability, Employment-related Practices Liability, Environmental Impairment Liability, Stop Gap Liability, Unmanned Aerial Vehicles (UAV) (Drones).
Request a free Michigan Cable Layers insurance quote in Adrian, Allen Park, Allendale, Ann Arbor, Auburn Hills, Battle Creek, Bay City, Berkley, Beverly Hills, Big Rapids, Birmingham, Burton, Cadillac, Clawson, Coldwater, Cutlerville, Dearborn, Dearborn Heights, Detroit, East Grand Rapids, East Lansing, Eastpointe, Escanaba, Farmington, Farmington Hills, Fenton, Ferndale, Flint, Forest Hills, Fraser, Garden City, Grand Haven, Grand Rapids, Grandville, Grosse Pointe Park, Grosse Pointe Woods, Hamtramck, Harper Woods, Haslett, Hazel Park, Highland Park, Holland, Holt, Inkster, Ionia, Jackson, Jenison, Kalamazoo, Kentwood, Lansing, Lincoln Park, Livonia, Madison Heights, Marquette, Melvindale, Midland, Monroe, Mount Clemens, Mount Pleasant, Muskegon, Muskegon Heights, New Baltimore, Niles, Northview, Norton Shores, Novi, Oak Park, Okemos, Owosso, Pontiac, Port Huron, Portage, Riverview, Rochester, Rochester Hills, Romulus, Roseville, Royal Oak, Saginaw, Sault Ste. Marie, South Lyon, Southfield, Southgate, St. Clair Shores, Sterling Heights, Sturgis, Taylor, Traverse City, Trenton, Troy, Walker, Warren, Waverly, Wayne, Westland, Wixom, Woodhaven, Wyandotte, Wyoming, Ypsilanti and all other MI cities & Michigan counties near me in The Great Lakes State.
Also find Michigan insurance agents & brokers and learn about Michigan small business insurance requirements for general liability, business property, commercial auto & workers compensation including MI business insurance costs. Call us (313) 344-7177.