Scrap Metal Dealers Liability Insurance

Almost every aspect of your trade can be classified as high risk by insurance companies. From the collection of metal for recycling to sorting the scrap for reusing or disposal. So, you need to be comprehensively insured. Otherwise, one accident, injury, or even fatality, to your staff or the public, could see liability lawsuits and legal fees bankrupt your entire business. You may be collecting the scrap metal from sites that are hazardous in themselves. And the process of sorting the materials into ferrous, non-ferrous and removing the non-metal components, may bring you into contact with heavy, sharp and dangerous objects. You could be dealing with heavy car parts, gas canisters or even radioactive waste. At Construction Insure, we understand what you do. We’ve been brokering insurance for high-risk trades like yours for forty years. And we can help you get the cover you need.

How does Scrap Metal Liability Insurance help you?

The idea of Liability insurance is that it protects you, your staff and your business from the repercussions of accidents, injuries and legal issues. The best place to start, when considering the kind of cover you need, is reviewing the specifics of your business. You’ll have different insurance requirements depending on what you do, day-to-day. For instance, if you’re cutting metal on site, that can involve major hazards from shearing pressurised containers to machinery safety issues. You may specialise in recycling large household items, like fridges, televisions and washing machines. Or computer equipment and small household items, like electrical tools and kettles. All of those items bring your staff into contact with potentially injurious metal, glass and ceramics.

If you have a holding area that’s accessible to the public, you would require Public Liability cover. And, if customers are sorting through reclaimed metals, you have to make sure that the entire area is as safe as possible. Another of your requirements may be insuring your vehicles. We’ll not only do that for you, but we’ll prepare a fleet vehicle management strategy, which can reduce your policy costs. If you’re involved in transporting scrap metals, perhaps from a motor mechanic’s garage or a residential area, you need to think about being insured against accidental environmental pollution and damage to road surfaces in the event of a leakage or an accident.

Need Insurance? Get in touch today!

Whatever your scrap metal liability insurance requirements, please get in touch today for a free no obligation quotation.

HOW CAN WE HELP YOU GET THE RIGHT SCRAP METAL LIABILITY INSURANCE COVER?

What do you need to think about?

It may not surprise you to know that the scrap metal industry has a poor safety record. It’s one reason why insurance can be difficult to obtain and is classified as high-risk. Fortunately, our experience and contacts mean we can broker the cover you need. So, employee safety is the first place to start. Firstly, you have to make sure you have complete Health & Safety provisions in place. If you don’t, your insurer may not pay out for any claims you make. Ask yourself, what are the risks to your staff? They may involve: falls from height; manual handling of unsafe or unstable materials; slips and trips; fire and explosions; and heavy machinery operation.


Other considerations for Scrap Metal Dealers

You would require Employees Liability Insurance to cover any staff, or sub-contractors you’re using, in case of injury or work-related health issues. Dealing with end-of-life vehicles is a challenging area in itself, as you have to account for all the waste material as well as de-polluting the vehicle. So, the hazards from unused fuel is one more thing to be aware of. There’s a lot to think about and this isn’t a comprehensive list but by discussing everything with you to enable us to learn the specifics of your business and the premiums you can afford. We build a relationship with you so, over time, we can help keep your business fully insured and your premium costs as low as possible.


Standard and Optional Liability Insurance Cover

These are a few of the standard types of insurance we can cover you for:

  • Employers Liability: £10 million.
  • Public & Products Liability: £5 million.
  • Financial Loss: £100,000.

The optional cover, which can be added to your policy, includes:

  • Your own and hired plant and employee tools.

How do you get the right advice?

Insurance, like working in the scrap metal industry, requires experience and expertise to ensure you get the best cover at the lowest premiums. Our years of experience and knowledge working in the construction industry means that we can give you help and advice about all aspects of scrap metal dealers insurance cover. For more information please call us on 020 3958 6868 so we can discuss your requirements and provide you with a competitive, no obligation quotation.

WHAT OUR CLIENTS SAY

" Comparing like with like plus some lower excesses you have managed to save me in excess of £1500 or approximately 15% on my previous insurer. "

- Hew Stevenson, March 2018

" We found you to be more thorough, efficient and reasonably priced than our existing insurer. We would not hesitate in recommending you to anyone."

- Zena Nairi LLB (Hons) June 2018