Summary
This guide outlines the various insurance risks associated with recycling operations, emphasizing the unique challenges faced by the industry. It discusses the RecycleGuard insurance program, which has been a dedicated provider for over 25 years, covering various materials and offering workers' compensation solutions. The document details specific risks such as increased fire hazards due to automotive shredder residue and the implications of rising catalytic converter thefts. It also highlights the underwriting considerations necessary for mitigating these risks, including the importance of loss control measures and proper safety protocols. Additionally, the guide addresses the challenges posed by commercial auto risks and the ongoing driver shortages affecting the recycling sector. It emphasizes the need for appropriate contractual risk transfer when hiring subcontractors and the importance of proactive risk management practices to ensure favorable underwriting treatment. Overall, the document serves as a resource for understanding and navigating the complexities of insurance in the recycling industry.
