Connect insurance to the operation
Recycling operations need coverage that follows incoming materials through sorting, processing, storage, transport, and resale while addressing people, property, equipment, vehicles, fire, and environmental risk. Insurance planning for material recovery facilities, recyclable commodities, processing equipment, employees, vehicles, and environmental exposures.
How the business actually operates
Review the current operation, credible loss scenarios, management controls, contracts, requested limits, and the policy terms intended to address this issue.
Which losses could stop revenue
Review the current operation, credible loss scenarios, management controls, contracts, requested limits, and the policy terms intended to address this issue.
Which policies need to work together
Review the current operation, credible loss scenarios, management controls, contracts, requested limits, and the policy terms intended to address this issue.
Risks that deserve specific attention
Fire, dust, batteries, hot loads, and combustible material concentrations
Describe where the exposure occurs, who controls it, how frequently it arises, what could make a loss severe, and which documented controls are in place.
Heavy machinery, conveyors, balers, mobile equipment, and employee injury
Describe where the exposure occurs, who controls it, how frequently it arises, what could make a loss severe, and which documented controls are in place.
Pollution, stormwater, commodity storage, vehicle traffic, and third-party property
Describe where the exposure occurs, who controls it, how frequently it arises, what could make a loss severe, and which documented controls are in place.
Coverage areas to coordinate
Property, equipment breakdown, business income, and inland marine
Confirm limits, deductibles, covered entities, locations, operations, exclusions, endorsements, and how this protection coordinates with the rest of the program.
General liability, environmental or pollution liability, and umbrella or excess
Confirm limits, deductibles, covered entities, locations, operations, exclusions, endorsements, and how this protection coordinates with the rest of the program.
Workers' compensation, commercial auto, cyber, crime, and cargo where appropriate
Confirm limits, deductibles, covered entities, locations, operations, exclusions, endorsements, and how this protection coordinates with the rest of the program.
Build a useful submission
- Describe every operation, ownership entity, location, service, customer type, and material change since the prior policy began.
- Provide current revenue, payroll, values, vehicles, equipment, contracts, and currently valued loss information when available.
- Explain significant claims, near misses, corrective action, safety procedures, training, maintenance, and management oversight.
- Identify requested effective dates, contract deadlines, lender or landlord requirements, desired limits, and deductible preferences.
Questions the review should answer
How will the program address fire, dust, batteries, hot loads, and combustible material concentrations?
Connect the answer to the appropriate policy, limit, deductible, endorsement, exclusion, operational control, and recovery plan.
How will the program address heavy machinery, conveyors, balers, mobile equipment, and employee injury?
Connect the answer to the appropriate policy, limit, deductible, endorsement, exclusion, operational control, and recovery plan.
How will the program address pollution, stormwater, commodity storage, vehicle traffic, and third-party property?
Connect the answer to the appropriate policy, limit, deductible, endorsement, exclusion, operational control, and recovery plan.
Frequently asked questions
What information helps prepare a Recycling insurance insurance basics review?
Start with a clear description of the operation, locations, ownership, revenue, payroll, property, vehicles, contracts, current insurance, and loss history. For recycling, pay particular attention to fire, dust, batteries, hot loads, and combustible material concentrations, heavy machinery, conveyors, balers, mobile equipment, and employee injury, pollution, stormwater, commodity storage, vehicle traffic, and third-party property.
Which policies commonly deserve attention for recycling?
The starting coverage areas include property, equipment breakdown, business income, and inland marine, general liability, environmental or pollution liability, and umbrella or excess, workers' compensation, commercial auto, cyber, crime, and cargo where appropriate. Actual needs depend on the operation, contracts, locations, people, property, vehicles, services, and available market terms.
Coverage descriptions are general. Eligibility, availability, limits, deductibles, valuation, exclusions, and policy terms vary by operation and insurance market. Actual policy documents control.