Waste & Recycling

RISK MANAGEMENT

Waste & Recycling

Insurance solutions and employee benefits that fit your business goals.

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Carefully Designed Solutions

Lockton’s expert team works with waste haulers, recycling companies, and landfill owners to design insurance solutions that protect them from premises liability, pollution liability, employee injury, and third-party liability.

Expertise

You’ll benefit from Lockton’s relationships with the world’s most reputable insurers. Add our in-house risk management and claim cost control specialists, and you have the resources you need on a global scale.

Waste & Recycling expertise includes pollution exposures, fleet exposures – the frequency of small third-party claims and the possibility of large severity over-the-road claims, premises exposures - landfill accidents, high hazard workers’ compensation exposures - employees riding on the side or back of trucks and other risks, and medical waste exposures.

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South Africa Introduces a Two-Pot Retirement System

The South African parliament has recently passed legislation dividing occupational retirement contributions into two pots (referred to hereunder as components) making one-third of the funds accessible prior to retirement and the remaining two-thirds available only at retirement or death. The new system, known as the “two-pot” system, will come into effect on 1 September 2024.The South African parliament has recently passed legislation dividing occupational retirement contributions into two pots (referred to hereunder as components) making one-third of the funds accessible prior to retirement and the remaining two-thirds available only at retirement or death. The new system, known as the “two-pot” system, will come into effect on 1 September 2024.

Ireland extends parent’s leave

The Irish government is extending parent’s leave from seven weeks to nine weeks. The leave period is paid by Irish social insurance for qualifying employees. The Parent’s Leave and Benefit Act 2019 (Extension of Periods of Leave) Order 2024 will enter into effect on 1 August 2024.The Irish government is extending parent’s leave from seven weeks to nine weeks. The leave period is paid by Irish social insurance for qualifying employees. The Parent’s Leave and Benefit Act 2019 (Extension of Periods of Leave) Order 2024 will enter into effect on 1 August 2024.

PAGA reforms are mostly good news for California employers, but insurance impact is TBD

In 2004, California passed the Private Attorneys General Act (PAGA), which allowed employees to file lawsuits to recover civil penalties for state labor code violations. PAGA created new risks for employers, but also led to many insurers leaving the wage-and-hour marketplace. Recently enacted reforms scale back some of those risks, although it remains to be seen whether the new legislation will reinvigorate the wage-and-hour insurance market.In 2004, California passed the Private Attorneys General Act (PAGA), which allowed employees to file lawsuits to recover civil penalties for state labor code violations. PAGA created new risks for employers, but also led to many insurers leaving the wage-and-hour marketplace. Recently enacted reforms scale back some of those risks, although it remains to be seen whether the new legislation will reinvigorate the wage-and-hour insurance market.
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