This week again has seen a large increase in the amount of companies we have put on cover for scrap metal and waste insurance.
We have had a couple of different styles of risk this week.
Saving Insurance Costs for a Scrap Metal Dealer
The first was for a public liability and employers liability quote for a scrap metal company who specialise in separation/collection and delivery of scrap metal.
The company was fairly small in size with a turnover of £250,000. They had one working director and 2 employees.
The employees for the scrap metal company took on 2 different jobs, one was a sorter and the other was collection and deliveries.
There was also a working director who was a manual worker, again sorting the scrap.
So the wage roll for this scrap metal company was fairly low.
The client for this risk only required public and employers liability,
Public liability to the amount of £5,000,000 and Employers Liability to the amount of £10,000,000.
Premium wise when we quoted we saved them 30 % on their current deal, so they were delighted.
Insurance Savings for a Sole Trader
The second style policy was for a chap who was a sole trader and he would go to the sites of the scrap metal dealer and would cut up the metal which was sitting there in large chunks.
He would have a secure area of at least 50 foot away from any building and would always be working outside
His works were 100 % heat works which was all work away as he had no independent premises to work from.
The type of heat works included the use of Oxygen and propane and thermal lancing cutting equipment.
Metal Fabrication Insurance was therefore the category this client fell under. Due to his works and the amount of heat works he was carrying out he found it extremely hard to get insured for a reasonable premium.
All he needed was Public Liability of 5 million for fabrication insurance as he had no employees.
We sourced him an excellent deal in the end with an A rated insurer and he was delighted.
Fleet Insurance
Not only this but we could also help out with the fleet insurance for the scrap metal yard.
It was only a small fleet as it consisted of 1 car 2 flat bed 7.5 tonne trucks and a van.
This is a perfect package for us as we can get to insure the client for both Fleet insurance and Liability insurance.
