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THE
PROMPT
Newsletter of the Canadian Association of Recycling Industries
Volume 3, No. 8, August 2011
FALL CHAPTER MEETINGS
CARI’s fall chapter meetings have been confirmed for the following dates:
- B.C., September 12
- Alberta, September 13
- Manitoba, September 14
- Maritimes, September 15
Times and locations have yet to be determined. Each meeting will feature guest speakers from the Canadian Nuclear Safety Commission, who will provide information and guidelines for dealing with radioactive material
INSURANCE TIPS
Protecting Your Business against Catastrophic Liability Judgments
Canadian courts have for many years resisted the trend toward jackpot awards for bodily injury that has plagued our neighbours south of the border. However, four recent settlements seem to indicate change is coming our way. A $24 million settlement for a brain injury and a spinal cord injury to two individuals in a single-vehicle accident in Ontario stunned those in Canadian legal circles. The cost of future care is the component driving the increase in the awards: the younger the victim, the longer the period of care required, and the higher the cost.
Common exposures that can lead to injuries include the following:
- Busy yards where heavy equipment and vehicles are coming and going
- Sidewalks and stairs that are in disrepair, or are icy
- Operation of heavy vehicles, in particular those with USA exposure
- Loading and unloading of lugger and roll-off boxes
- Contractors or employees driving their own vehicles on business for their employer
- Detrimental effects of products or processes used in the workplace that will not surface for decades (e.g., asbestos)
It is prudent to purchase liability limits that are high enough to adequately address the business’ unique exposures. This can be done cost effectively. An Umbrella Liability Policy or Excess Liability Policy is intended to “top up” other liability policies in the event that a single occurrence or a series of occurrences resulting in bodily injury or property damage exceed the limits of those primary policies. The Umbrella may also eliminate gaps in coverage and broaden the coverage provided by the first layer of liability insurance. In higher risk industries more than one umbrella liability policy is often used in a layered approach to arrive at the desired limit.
Click the image above or visit here for information.
CARI EVENTS
BC Chapter Golf Tournament
August 17
at the Richmond Country Club
http://www.igolfsoftware.com/richmond
CARI’s Annual Golf Tournament
August 18
at the Legends on the Niagara
www.niagaralegends.com
Registration form now online:
http://cari-acir.org/gif-bin/2011golf.pdf
Quebec Chapter Golf Tournament
August 31
Club de golf Beloeil
http://www.golfbeloeil.qc.ca/index.html
CARI’s 14th Annual Consumer’s Night
October 24
at the Fairmont Royal York
in Toronto
For information on CARI events contact Donna Turner
at (905) 426-9313.
OTHER UPCOMING EVENTS
August 17-18 Indianapolis, IN
Resource Recycling Conference
http://www.resource-recycling.com/rr_conference/
September 7-9 Munich, Germany
10th International Stainless & Special Steel Summit
Metal Bulletin
www.metalbulletin.com/
September 19-21 Chicago, IL
Commodity Roundtable Forum
ISRI
www.ISRIRoundtables.org
September 21-23 Venice, Italy
16th International Congress for Battery Recycling
ICM
www.icm.ch
October 23-25 Munich, Germany
Autumn Round-Table Sessions
BIR
www.bir.org/conventionwebsite/munich2011/home/
November 1-4 Shanghai, China
World Scrap Congress
Terrapinn
www.terrapinn.com/2011/world-scrap-metal-congress
November 9-10 Montreal, QC
Canadian Waste & Recycling Expo
Messe Frankfurt, Inc.
www.CWRE.ca
November 18 Chandigarh, India
Steel Scrap Summit
Steel Guru
www.globalbusinessconnect.org
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