Essential information for end of life vehicle dismantling, depollution and recycling

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Management Risks Liability – can you afford not to have it?

Running a successful vehicle-recycling business hinges on efficiency and handling the unexpected. But what about legal surprises that could cripple your yard?  Management Risks Liability is often dismissed as paperwork, but it can be the difference between a minor bump and a financial knockout. Howden Insurance bridges this gap, highlighting its importance in safeguarding your company.

 

Management Risks Liability – can you afford not to have it? p

Management Risks Liability is an important insurance to have but is often overlooked in the vehicle-recycling sector as some regard it as a pen-pusher type of policy. However, pens and pushing aside may just protect you from somebody suing you for all you have.

It does, in fact, cover any allegation of wrongdoing by a director or decision-maker within the business or the company as a whole. It will, in effect, defend a person or the business against claims for a wide variety of reasons.

These can include obvious things like trading insolvently and discrimination claims, but they may also pick up investigations from bodies such as the Environment Agency, HSE, etc.

We live in an age where litigation is commonplace, and government bodies are self-funding, so this policy truly does save your company thousands of pounds in the event of an issue as described.

There’s also a further element of cover for Employment Law protection, which covers employment tribunals and similar.

Overall, the cover is very competitive compared to your separate yard and vehicle insurance and at the very least, should be given serious consideration.

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 If you’d like further details, please contact Steve.

Steve Walker

Client Director

01384 398326

steve.walker@howdeninsurance.co.uk

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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.

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e2e Total Loss Vehicle Management [e2e] is the UK’s only salvage and automotive recycling network with nationwide, environmentally compliant sites delivering performance resilience and service reliability to the insurance and fleet markets.  The network’s online salvage auction www.salvagemarket.co.uk drives strong salvage resale values and faster sales.  e2e’s salvage clients have access to the network’s stocks of over 5 million quality graded, warranty assured reclaimed parts. 

The power of the network model means e2e has the ability to influence industry standards and is committed to continually raising the bar whilst redefining the role and perceived value of the salvage operator.  Network members adhere to robust service level agreements, against which they are audited, in order to ensure performance consistency and a market leading customer experience.  

The salvage and recycling operating environment is evolving rapidly, and e2e is anticipating, listening and responding to changing market needs.  Regulatory compliance, ESG, reclaimed parts, customer experience, EVs, new vehicle technologies, data and reputation risk are just some of many considerations linked to the procurement of salvage services.  e2e will drive further added value to clients and members through the adoption and application of emerging technologies, continuing to differentiate its proposition and position salvage services as a professional partnership. 

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