Placing liability insurance for vehicle recyclers presents challenges that liability insurers do not wish to accept. Lonmar’s London Market Risks team has vast experience in this trade sector, and has a dedicated product to cater for vehicle recyclers.
What is Covered?
- Bespoke policy wording with employers liability, public liability, products liability, sudden and accidental pollution, and financial loss as standard.
- Limits of indemnity up to £25 million.
- Cover enhancements:
- Service indemnity
- Spoilt melts
- Ability to switch from claims made to occurring basis
- Retroactive buy back
- No third party bodily injury excess
- No stacking limits
- No warranties
- Risk management support and surveys
New Business Price Promise
- 10% rate reduction applies at inception of all new business – subject to risk being five years claims free and expiring insurer being “A rated”
- 15% rate reduction applies at inception of all new business to any insured that is aligned to a recognised industry trade association – subject to risk being five years claims free and expiring insurer being “A rated”
- No claims discount - available on renewal
- Staged premium payments - interest free
For information request, please call us on 020 7204 3600 or send us an email with your enquiry