Michigan Waste Disposal Landfill Insurance Policy Information
Michigan Waste Disposal Landfill Insurance. Waste disposal landfills are sites used to bury, compact, or incinerate unwanted rubbish.They can be operated by for-profit organizations or as part of a governmental authority. All operations are performed subject to both federal and state environmental regulations. Landfills may permit public dumping or access may be restricted to hauling contractors.
The kinds of material accepted may be restricted, with hazardous materials being the most commonly excluded. Landfills that handle hazardous materials, such as oil or lead from batteries must be qualified and have special licenses. Methane gas and pollutant leaching into the air or water are two primary environmental concerns that must be addressed in modern landfills. Methane gas must be contained and is being used more and more as an alternative energy source that can be sold. A Leachate system is used in most landfills to prevent pollutants from leaching into bodies of water.
If you are running a MI landfill, then you have a lot of things to consider when it comes to keeping your business running properly. You have to worry about people coming onto your site and dumping things in the wrong place, you have to worry about them bringing things that you do not accept and there are a thousand other concerns that you have with a waste disposal landfill. In addition, you have to worry about all of the other aspects of running a business.
But one of the things that you may not have thought much about is insurance. Most people who are starting a business are not aware of what kind of insurance they need, and even those who are ready on a business are usually underinsured. Let's take a look at some Michigan waste disposal landfill insurance products that you will need for your business.
Michigan waste disposal landfill insurance protects your business from lawsuits with rates as low as $297/mo. Get a fast quote and your certificate of insurance now.
What Types Of Waste Disposal Landfill Insurance Are Available?
General Liability Insurance
One type of insurance that you definitely need to have if you are operating a working MI landfill where people can come and go is general liability insurance there are a lot of protections that general liability insurance offers, but one of the big ones is making sure that you are protected if someone gets injured while they are on your site.
This is especially important when you have a landfill business because they are inherently dangerous. With junk everywhere, loose earth that can make someone lose their footing and potential dangers from everything from broken glass to jagged car parts, you absolutely have to make sure that you are protected when people are on your site.
But there is more to general liability insurance than just ensuring that someone is protected if they cut themselves on a piece of glass. If you were to sell some type of junk to someone and found out later on that it did not work properly or was inherently unsafe, then you are likely going to still be protected by general liability insurance. In addition, general liability insurance protects you against employment practices and a whole lot more.
Commercial Property Insurance
Property insurance is important with MI landfills for a couple of reasons. For one thing, kids are always coming to landfills and playing and a lot of times they vandalize the property. One of the things that property damage insurance protects against is vandalism. Although most vandalism is minor and may not even need addressed, there are some forms of vandalism that can actually cost you thousands of dollars or even put you out of business until you get it cleaned up.
But property insurance can protect you when this happens. In addition, you are often protected from natural disasters or mishaps like fires, floods, falling trees or power lines and more. In some cases, property damage even protects you against theft.
Worker's Compensation Insurance
If you have employees working for you that receive a salary or an hourly wage, then you're going to have to have Worker's Compensation insurance. This is especially important at an inherently dangerous site like a junkyard, but it doesn't really matter because it is required by law. Workers comp takes care of the medical bills if an employee is injured on your jobsite.
This not only protects them and allows them to get the medical treatment that they need - including in some cases lost wages - but it also protects you from being sued in the future by that same employee for the same accident. Worker's Compensation insurance is a great way to protect yourself and your employees.
Commercial Auto Insurance
For any trucks that you operate or other vehicles that you use to haul junk and debris to and from your site, you're going to be commercial automobile insurance. Commercial automobile insurance is comprehensive insurance that covers you no matter what the situation. Even if someone hits you that does not have insurance on their vehicle or does not have enough insurance to cover your damages, commercial automobile insurance may still be able to get you back on the road with repairs or a new vehicle right away.
Most insurance companies require that any vehicle that is being used for commercial purposes carry commercial automobile insurance. The good news is, you can often get discounts for multiple vehicles or fleets.
Michigan Landfill's Risks & Exposures
Premises liability exposures are significant because of the hazardous conditions at landfills. The entire site should be properly fenced and gated to prevent unauthorized access, especially by children and teens tempted by an attractive nuisance.
Entrances and exits should be clearly marked for ease of traffic flow because garbage trucks have a limited turning radius and line of sight. Customer areas must be clearly marked. Improperly vented methane gas can result in explosions both at the location and at homes and businesses in the surrounding area. Failure to control vermin can affect neighboring properties.
Environmental impairment exposure is very high because landfills may not have a lot of control over the types of waste materials dumped at their site. Incinerators must be checked regularly and be maintained in accordance with EPA requirements. The Leachate system must comply with clean water regulations. Additional exposure comes from overturn or spillage of hazardous waste material included in garbage carried should a truck be involved in an accident.
Workers compensation exposures are very high. Common injuries include cuts, burns, abrasions, back sprains, hernias, and foreign objects in the eye, hearing impairment from noise, injuries from the use of heavy equipment, slips, trips, and falls, crushing, and falling into unstable trash heaps. Workers may be attacked by dogs, rodents, or wild animals. Drivers can be injured in automobile accidents. The exposure to methane gas can be fatal because it can explode. Exposure to contaminants could transmit disease or cause other injuries. Proper safety equipment is required.
Property exposures include an office and landfill area. Ignition sources include electrical wiring, heating and air conditioning systems, and sparking or overheating of incinerators and compactors. Electrical wiring must meet current codes. While landfill property is not particularly susceptible to damage, explosions are possible because of the buildup of methane gas produced by waste materials.
If the landfill sells the methane gas produced, the transfer of the gas, including the pipelines and transfer station operations, creates additional exposures. Business income and extra expense can be high due to the unavailability of alternate facilities after a loss.
Crime exposures are from employee dishonesty and money and securities from fees required when customers dump waste materials. If a key card system is used, the cash exposure is minimized but stolen key cards may be an exposure. Background checks, including criminal history, should be obtained on each employee prior to hiring. Ordering and billing must be handled by two different employees.
Inland marine exposures are from accounts receivables if the facility utilizes key cards and monthly billings, computers, mobile equipment (bobcats, bulldozers, and cranes), and valuable papers and records (licenses, contracts and regulation compliance documents). Computers are used to control equipment, to track inventories, and to monitor processes. Duplicates of records should be made and stored off site.
Commercial auto exposures may be limited to hired and non-owned only. If the landfill collects waste, the exposure is much higher. Large vehicles operating on narrow streets in residential areas may cause serious bodily injury and property damage losses. Equipment used to lift garbage receptacles can malfunction, dropping items on structures, other vehicles, or bystanders.
Debris can fly from the truck, causing damage to other vehicles on the road. Trash taken to the dump can damage buildings, equipment, and other vehicles using the facility. Backing up garbage trucks can be deadly. Video devices that reveal objects and people behind the vehicle can be very helpful in preventing damage and injuries. All drivers must have valid licenses for the vehicles being driven.
In some cases, a commercial driver's license (CDL) or Haz-Mat license will be required. MVRs must be acceptable and checked on a regular basis. Random drug and alcohol testing should be conducted. Vehicles must be maintained and records kept in a central location. Accidents can result in the spillage of diesel fuel or other operating fluids from within the truck, requiring cleanup.
Michigan Waste Disposal Landfill - The Bottom Line
To learn more about the different types of MI landfill insurance policies you should invest in and how much coverage you should carry, speak to a reputable insurance broker.
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 Miscellaneous Insurance
Find informative articles on miscellaneous businesses including the types of commercial insurance they need, costs and other considerations.
- Adult Daycare
- Agriculture, Forestry, Fishing & Hunting
- Bail Agent
- Control of Well
- Electric Utilities
- Employment / Staffing Agency
- Engraving Business
- Facility Support Services
- Flight Schools
- Hot Air Balloon
- Mail Order
- Oil And Gas Lease
- Personal Concierge
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- Printers & Publishers
- Private Water Districts
- Process Server
- RV Parks & Campgrounds
- Security Guard
- Surety Bonds
- Unmanned Aerial Vehicles (UAV) Drone
- Waste Disposal Landfill
- Wedding Planner
An insurance contract is an agreement where one party obligates itself to make good the financial loss or damage sustained by a second party when a designated event occurs. The event must be fortuitous and happen by accident. The named insured must have insurable interest at the time of loss. One final point is that in order for any contract to be considered insurance, there must be a risk of loss.
Fortuitous Event - An occurrence largely beyond the control of any involved party; happening by chance; accidental; for example: fire, lightning, windstorm, explosion or flood.
Insurable Interest - In order to recover from a loss to property, the holder must have an insurable interest in the property at the time of the event or occurrence. An insurable interest is any right, title or interest in property where the holder of that right, title or interest sustains financial loss if the property is damaged or destroyed. Any lawful and substantial economic interest in the safety or preservation of the property from loss, destruction or damage also constitutes an insurable interest.
An entity does not have to be the property owner to have an insurable interest in it. Examples include, but are not limited to, mortgagees, trustees, vendors, lessees and bailees. Insurable interest for any entity must exist at the time the loss occurs.
Risk Of Loss - If property could never be destroyed, there is no risk of loss. If property must necessarily disintegrate or be destroyed, there is no risk of loss. Between these two extremes is the exposure of risk that can be insured.
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