Waste Haulers And Garbage Collection Insurance Michigan Policy Information
Waste Haulers And Garbage Collection Insurance Michigan. As a waste hauler, you provide your community with an invaluable service. You do the job that many people wouldn't have the patience or courage to: remove the refuse that other people create. Without your business, your town would literally be covered with debris.
MI garbage collectors pick up trash from residential and/or commercial customers along established routes and transport it to an approved landfill. Some operate under a contract with a municipality where the municipality provides the vehicles and the collection firm supplies the labor, including supervision.
Some contract with businesses and residents or a governmental entity, and use their own employees and vehicles to deposit trash at a landfill owned by others. Still others provide complete services for municipalities, including vehicles, personnel and landfill operations.
But, while the services you offer are certainly much-needed, there are a lot of liabilities associated with operating a waste hauling business. Mishaps and accidents can happen, people can get injured, allegations and lawsuits can be made. In order to ensure that you, your employees, the members of the community that you service, and anyone else that interacts with your business is protected, investing in the right type of insurance coverage is an absolute must.
What type of waste haulers and garbage collection insurance Michigan should your garbage collection company carry? How much will coverage cost? We'll answer these questions and more below so that you can make the very best choices for your business.
Waste haulers and garbage collection insurance Michigan protects non-hazardous waste service businesses who haul trash from lawsuits - with rates as low as $87/mo. Get a fast quote and your certificate of insurance now."
Why Is Insurance So Important for Waste Haulers?
No matter what type of industry you work in, insurance is one of the wisest investments you can make for your business. And, just like a business in any other industry, there are a lot of liabilities associated with a owning and operating a garbage collection company.
For example, if the driver of one of your trucks strikes a pedestrian and the person who was hit requires medical care, you would be responsible for paying for those injuries. Not to mention the fact that there's a chance that the injured individual could sue your company for damages. In this type of situation, you could be looking at serious financial obligations, and without insurance coverage, you would have to pay for those expenses out of your own pocket. However, if you have the right waste haulers and garbage collection insurance Michigan policy, your insurer company will help to cover the costs that are associated with such an incident.
The above-mentioned hypothetical situation is just one of the many scenarios that could occur. Any number of liabilities can affect your MI waste hauler business; an employee could be injured on the job, your equipment could be vandalized or stolen, or a driver could cause a serious collision with another vehicle. If any of these types of incidents occur, you'll be thankful that you invested in business insurance.
It can really help to prevent you from having to shell out tens, hundreds, or even millions of dollars out of your own pocket. In other words, your insurance coverage can prevent you from serious financial turmoil.
What Type Of Insurance Do Waste Haulers And Garbage Collection Need?
There are a number of waste haulers and garbage collection insurance Michigan policies that trash collectors should invest in. Some policies are compulsory, which means that you are legally obligated to carry them in order to operate your business. However, there are several types of coverages that you aren't required to carry, but should consider investing in nonetheless because of the type of protection they offer. As a waste hauler, some of the business insurance policies that you should carry include:
- Commercial General Liability - Should you or one of the members of your staff damage someone else's property, for example, commercial liability insurance will help to cover the cost of repairing or replacing the damaged property.
- Commercial Property - If the building that you operate your MI business out of or any of the property inside is vandalized, stolen, or damaged in an act of nature, commercial property insurance will assist with the costs.
- Commercial Auto - As a waste hauler, you and your employees operate large commercial vehicles. If an accident occurs, commercial vehicle coverage will help to cover the cost of the damages.
- Workers Compensation - Should an employee become injured or contract a work-related illness, workers' comp will pay for the medical care that the individual requires, as well as any lost wages and job training that might be required. It can also help to cover legal fees should the employee file a lawsuit.
MI Trash Collection Risks & Exposures
Premises liability exposures are very low due to limited public access to the premises. There is little off premises exposure unless the business provides additional services to customers. Most off premises exposures relate directly to truck operations and are covered under the business automobile policy. Contracts may expose the operation to additional liability, especially contracts with homeowners associations, municipalities and commercial operations.
Environmental impairment exposure can be high due to underground fuel tanks and waste disposal of fluids used for servicing and repairing garbage trucks. All underground fuel tanks must meet state or federal regulations and be routinely tested for leakage. Contracts should be in place to dispose of all environmentally dangerous chemicals.
Spill procedures must be in place to prevent the accidental discharge of sludge from water reclamation systems used in washing trucks. Additional exposure comes from overturn or spillage of hazardous waste material included in garbage carried should a truck being involved in an accident.
Workers compensation exposures come from driving, lifting garbage, and maintenance and repair and maintenance activities. Truck drivers and crewmen can be injured or killed by other drivers unaware of their presence on the road as they gather trash. Garbage collectors must operate in adverse traffic conditions such as inclement weather or road construction.
Lifting of heavy trash receptacles or odd-sized bundles can result in back sprains, strains, and hernias. Collectors are exposed to cuts, burns, and abrasions. If they handle hazardous materials, they may contract diseases if the materials are not handled correctly.
Most trash collection vehicles are equipped with trash compaction devices that could crush an employee. Garage employees can be injured by vehicles falling from hoists, strains, sprains and other lifting injuries. Good housekeeping is critical to reduce injury from slips, trips, and falls. Burns, eye injuries, and respiratory problems can occur with the welding and painting. Dermatitis can result from employees coming into contact with harsh cleaning detergents. Repair areas should be properly ventilated. Proper safety equipment is required.
Property exposures may be limited to electrical, heating and cooling systems in an office. If the garbage collector repairs, refuels and maintains its own vehicles on premises, exposures will include flammable liquids, including gasoline and diesel fuel, and heat-producing activities such as welding.
Flammable liquids and heat-producing activities must be separated from combustibles to prevent fire and explosion. All spray-painting should be conducted in a spray booth with approved fixtures. The condition and controls of fuel tanks, whether above or below ground, are important for both property and environmental liability.
Crime exposures are from employee dishonesty. Background checks, including criminal history, should be performed on all employees handling money. All billing, ordering and disbursements must be separate duties, and outside audits should be conducted on a regular basis. If drivers have access to customers' premises, the exposure to theft of customer property or customer identity theft increases.
Inland marine exposures include accounts receivable, computers, and valuable papers and records. If the insured conducts operations such as street cleaning, contractors' equipment coverage may be needed. Records should be duplicated and be stored off site.
Commercial auto exposures are significant. 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 presents potential problems from damage to buildings and equipment and to 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) will be required. MVRs must be acceptable and checked on a regular basis. Random drug and alcohol testing should be required. 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.
Waste Haulers And Garbage Collection Insurance Michigan Coverage
The amount of commercial insurance coverage you need and the cost of coverage will depend on a variety of factors. The size of your waste removal business, the area in which you operate, and the number of people you employ for you are just some of the factors that will affect coverage and cost.
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 Contractors & Home Improvement Insurance
Learn about small business contractor's insurance, including what it covers, how much it costs - and how commercial insurance can help protect your contracting business from lawsuits.
- Air Conditioning Systems Installation Repair
- Appliance Repair & Service
- Blacksmith & Metal Workers
- Builders Risk
- Building Cleaning & Maintenance Services
- Cabinet Installer
- Cable And Satellite TV Installer
- Chimney Sweep
- Contractor Liability
- Curtain Cleaners
- Deck Builders
- Door And Window Installers
- Dryer Vent Cleaning
- Drywall Contractor
- Electrical Contractors
- Environmental Remediation Contractors
- Fence Installation
- Fire Sprinkler Contractors
- Fire & Water Restoration Contractors
- Flooring Contractor
- Garage Door Installer And Repair
- Glass Contractor
- Glazier Insurance
- Gutter Installation And Repair
- House Cleaning
- HVAC Contractor
- Insulation Contractor
- Janitorial Cleaning Services
- Lawn Care
- Lawn Irrigation Sprinkler System Installation
- Paperhanging Contractors
- Plastering And Stucco Contractor
- Pressure Washing Contractors
- Propane And Fuel Dealers
- Rug, Upholstery & Carpet Cleaning
- Sandblasting Contractors
- Security Alarm
- Septic Tank Cleaning
- Siding Contractor
- Sign Installation & Repair
- Solar Panel Installers
- Snow Plow
- Stone And Tile Installer
- Surety Bonds
- Swimming Pool Contractor
- Swimming Pool Service And Maintenance
- Tree Surgeon
- Tree Trimming
- Tank Cleaners
- Upholstery Shop
- Waste Haulers & Garbage Collection
- Water Well Drilling
- Welding Contractor
- Wildlife & Pest Control
- Window Cleaning
A contractor that wants to begin or stay in business, liability coverage must be obtained for the premises or operations, off-site locations and products/completed operations exposures. These coverages may be included as a part of a businessowners policy (BOP) or purchased in a commercial general liability (CGL) policy. Owners and contractors protective liability and railroad protective liability coverages may also be required in certain cases in order for a contractor to obtain a particular job.
Physical damage coverage for tools, supplies and equipment, both on and off the contractor's premises, is a concern. Liability exposures at the premises of the contractor, and at the premises of the contractor's customer, must be properly addressed along with completed operations. Business insurance is very important as is workers compensation insurance protection for employees.
Contractors may work under a general contractor as a subcontractor in larger construction projects - like a new commercial site or residential subdivision. They can work on smaller projects directly with a home owner, usually specializing in renovations or remodels.
In business insurance speak, often called 'artisan contractors' or 'casual contractors', they are involved in many aspects of construction and contracting work – and include various trades and skills. Carpenters, painters, plumbers, electricians, roofers, tree trimmers, landscaping are just a few examples. They may do roofing, fencing, drywall, tile work and many other trades that involve skilled work with tools at the customer's premises.
An artisan contractor performs a single trade or job, and each has its own specialized liability needs with its own exposures to risk and accidents. Contractors liability insurance can offer coverage for bodily injury, property damage, advertising injury and medical payments.
Most artisan contractors should have commercial general liability at the very least, but many need broader coverages - like an umbrella to increase their limits of liability, inland marine policy to protect their tools, workers compensation if they have employees, and even commercial auto if they use vehicles for business purposes.
Minimum recommended small business insurance coverage: Business Personal Property, Employee Dishonesty, Contractors' Equipment and Tools, General Liability, Employee Benefits Liability, Umbrella Liability, Automobile Liability and Physical Damage, Hired and Non-owned Auto & Workers Compensation.
Other commercial insurance policies to consider: Building, Business Income with Extra Expense, Earthquake, Flood, Leasehold Interest, Real Property Legal Liability, Accounts Receivable, Builders Risk, Computers, Goods in Transit, Installation Floater, Valuable Papers and Records, Cyber Liability, Employment-related Practicesand Stop Gap Liability.
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Also 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.