Auto Recyclers are an essential part of the Automotive Industry
Playing a critical role in ensuring responsible and sustainable disposal of end-of-life vehicles.
However, like any business, auto recyclers face risks, including property damage, theft, and liability claims. These risks can be costly and may even threaten the survival of the business if not adequately managed, that’s why auto recyclers typically require insurance coverage tailored to their specific need. By carrying comprehensive insurance coverage, auto recyclers can help protect their business assets and maintain their operations while minimizing their financial risks. Our insurance for autorecyclers includes scrap yard insurance, chemical insurance, and electric car battery insurance, and more.
“We have had a relationship with HF&C almost from the start of our business. The service has been great, the people are responsive, the attention to what the needs of our company are makes the difference. Great people, great service equals great value.”
If you’re an auto recycler looking for insurance coverage, it’s essential to work with a knowledgeable insurance specialist who can help you find the right coverage to fit your business’s specific needs.
Workers Compensation Insurance Captive Program
The Board of Directors of ARANY voted in November of 2011 to establish a new Captive Insurance Program to provide quality and affordable Workers’ Compensation Insurance for ARANY Members.
On January 1, 2012 the ESTRA/ARANY Self Insured Trust will not longer exist and ARANY members who obtain their coverage from the trust will need a new option. For nearly a year the Board of Directors, the Insurnance Committee and ARANY’s Executive Director have been working to find the best possible option to ensure that ARANY members can obtain reasonably priced insurance to protect their employees.
The year long search has resulted in a partnership between ARANY, the Haylor, Freyer & Coon Insurance Agency (HF&C) and PMA Insurance Companies. The Board has agreed to utilize a captive insurance company that will be overseen by the members of ARANY and operated by PMA, with the claims handled by PMA Management Corp. Marketing and oversite will be provided by HF&C. To participate in the captive and receive the competitively priced Workers’ Compensation rates, a dismantler MUST be a member of ARANY.
The captive insurance program will provide many but not all of the benefits of a trust. They include strict underwriting to reduce risk and strong claims management to minimize fraud and control the cost of claims. In addition, there is no “Joint and Several Liability”.
All ARANY members wo are currently part of the self insured trust will soon receive a call from HF&C representatives to provide you with a quote on your Workers’ Compensation coverage. Members who are not part of the trust will also here from HF&C. All members are encouraged to contact Mike Alexander at 800-289-1501 for information and details.
ARANY members are also encouraged to contact the Insurance Committee members for information:
Joe Simon (Chair) – Central Auto Recycling 315-468-3454
Fred Knopp – Fred’s Used Auto Parts 315-343-2064
Gary Beagell – Gary’s U-Pullit 607-775-2934
Sid Dunston – Dunston Brothers 518-768-2205
Jerry DeLuca – ARANY 800-944-7278