Many people fail to prepare for the legal side of owning a business. Guidelines surrounding waste disposal and the environment are complex, and business owners lacking formal legal education can easily make a mistake.
For example, did you know there are legal differences between hazardous and toxic waste? Failing to understand these kinds of concepts can have disastrous results for your business. The consequences of breaching environmental laws range depending on the severity; take things seriously by learning what punishments you could face.
Expensive Fines
More often than not, companies that break disposal laws get fines rather than criminal charges. For minor mishaps, businesses may need to correct their mistakes using their own money. However, massive reoccurring problems could cost you thousands of dollars.
License Suspensions
If you make one mistake and take measures to avoid reoffending, you’re in the clear. However, states that require business licenses could revoke yours if you make a habit of reoffending. Suspensions are often temporary unless you make a habit of ignoring waste disposal regulations; in that case, you could permanently lose your business license.
Increased Premiums
Depending on the services your company provides, you likely have to carry some sort of insurance. If someone sues you for dumping waste incorrectly or partaking in another environmental faux pas, this coverage can help you during the lawsuit. However, your premiums will rise with every infraction, creating a massive dent in your profits.
Social Punishments
The consequences of breaching environmental laws aren’t only legal; there’s also a social element. People won’t support companies that habitually damage the environment and will take their business elsewhere. The court of public opinion can have stronger punishments than civil suits, and that impact can last for years, if not decades.
To avoid encountering any of these problems, it’s best to work with a knowledgeable waste management service. These experts know the details of various state and federal laws and can advise you on best practices. Don’t let these consequences scare you; if you can identify your resources, listen to industry professionals, and stay up-to-date on policy changes, you’ll have no problem operating an ethical and environmentally friendly business.
