Waste and recycling companies are essential in ensuring the community is kept clean. Evolving technology means the industry is growing rapidly, however, there are numerous risks that insurers are wary of. Because of this, insurance can be hard to come by, and not covering your business could lead to costly consequences.
Raw Material Cover are experts in organizing insurance in this sector and can help with the following.
Businesses covered
There are many different companies that fall under the waste and recycling category. Even though they are all in the same industry, the methods employed, equipment used, and materials dealt with can differ greatly. There are only a few businesses that insurers will look to cover. They include:
- Waste management
- Skip hirers
- Incineration plants
- Landfill operations
- Waste to energy plants
- Recycling operations
- Waste brokers
- Trade waste collection
- Consultants
Types of Cover
The type of cover that you will require depends on your type of business. The policy can include several things such as:
- Public liability
- Employers’ liability
- Property damage
- Plant and machinery
- Business and interruption
- Motor fleet
- Environmental impairment liability
There are also other types of extensions that insurers can offer businesses. These include:
- Contingent motor liability
- Legal expenses
- Sudden and accidental pollution
- Spoilt melts
- Defective premises
- Personal accident
- Landfill sites and waste tips
- Clean-up costs
What Insurers will not Cover
There are also types of risks that insurers will not look to cover. They include:
- Nuclear hazard
- Asbestos and lead-based paint
- Underground storage tanks
- Natural radioactive material
- Communicable diseases
- Divested location and property
If you have any queries about what cover you require for your business, please feel free to contact one of our friendly experts who will be happy to help.