Business
America’s workforce is changing. Baby boomers, defined as those born between 1946 and 1964, are now reaching the age where retirement is just around the corner. What is the impact of aging on worker health and safety?
To put into scale how big of an issue succession planning is in Canada right now, consider that in the next five to 10 years, 70 per cent of today’s businesses will change hands. Or, as Grant Robinson, director of the BDO SuccessCare Program likes to phrase it, “Three out of four businesses will have reached retirement age in the next one to two car leases.”
I just returned from the 2014 LICA winter meeting in Las Vegas. The winter meeting was a two-day event, packed with committee, delegate, and board meetings, all in an effort to take care of LICA business and keep the organization running strong. The meeting was held just prior to the 2014 ConExpo-Con/Agg, which made for a fun and busy time for LICA; just as we ended the winter meeting, we opened up our ConExpo booth.
Drainage contractors often have a difficult relationship with the weather, especially in the United Kingdom, where four seasons in one day is the norm rather than the exception. We need bad weather: without excessive rain, no farmer would invest in drainage. However, this very weather also creates some of our most painful headaches. One day we are choking in dust, and the next we are axle deep in mud and sinking fast. Such is the plight of a drainage contractor.
Many companies know that there are risks associated with managing a fleet of vehicles for company use. But a business owner may also be liable for accidents that occur in vehicles not owned by the company. Do any of your employees use his or her personal vehicle to run errands for the company? Do your salespeople use their own vehicles for company business? Are any employees reimbursed for driving his or her own vehicle to pick up supplies or parts?
Back in the late 1800s, investors averse to large risk held a major portion of their wealth in railroad bonds. Everyone agreed it was the safest place to keep your money to earn a modest but dependable return. But many people followed this practice without understanding the risks involved. The unforeseen emerging importance of the automobile resulted in the bankruptcy of so many railroads. Overdependence on conventional wisdom and following the crowd is only one of myriad risks facing investors.
I have lost count of the number of times I have said this, but I recently found a new reason to say, “Your closest competitor is not the next contractor down the road from your operation.”
Negligent entrustment can stem from employees driving company-owned vehicles, or their personal vehicles, on company business. Employers have a responsibility to know if a person has something in their driving background that creates a risk or harm to others. Negligent entrustment implies a company knew, or should have known, that it put an unsafe driver behind the wheel of a company vehicle.
The story of Ontario’s first double-link plow began with sugar beets. In the 1960s, the Redpath Sugar company of Chatham, Ontario, was doing a brisk business processing beets, and demand for more was very high. Farmers in the area certainly wanted to up their production, but to do that, they needed more drained land.
Honoring our industry’s roots, and moving ahead with new technology.
Perhaps not all of your clients or prospective clients are fully convinced they need to use a licensed professional tile drainage contractor. After all, margins are tight, and maybe this is one area they’re looking to cut corners. You know it’s a bad idea, and deep inside, perhaps so do they. Here are some talking points to help explain why using a professional is a sound investment in their future profitability.
Medical and indemnity costs have been increasing at alarming rates in recent years. These costs have not only impacted the insurance industry, but have also resulted in higher insurance premiums for you, the customer. In an effort to address this trend, CNA Insurance has conducted a complete review of all the “cost drivers” that contribute to these increased costs. Although this review identified several key issues, the one that was found to be the most critical in all lines of insurance is “Timely Notification of Loss.”
And so have a lot of positive firsts for Drainage Contractor magazine.
At the annual meeting of the Land Improvement Contractors of Ontario and Drainage Supervisors Association of Ontario, January 20, 2011, Sid Vander Veen of the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA), made a presentation on tile drainage statistics in the province. The presentation included figures and correlations that revealed some surprising details about drainage tile and how the industry is advancing in Ontario. Vander Veen, the drainage co-ordinator with OMAFRA, sat down with Drainage Contractor to discuss some of the findings from the study.
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