Auto Dismantlers Insurance

Auto dismantling is a booming industry because junk, wreck or discarded vehicles are recycled and refurbished for selling.

Parts from vehicles involved in accidents abandoned or unusable vehicles are dismantled by truck and automobile dismantlers and sold to consumers, retailers and wholesalers. Parts that are dismantled from vehicles may include the tires, salvage fluids etc

Some dismantling yards allow customers to remove parts they want from the vehicles. Once all the usable parts are removed, the remaining shell is crushed with a metal crushing device. A dismantler business owner records the dismantled vehicles’ titles to ensure all legalities are carried out with no theft or fraud is involved.

Auto Dismantlers offer towing services of vehicles from their location to the dismantling yard. If this industry appeals to you and wants to start your own business, it must be adequately prepared with auto dismantlers insurance. The policy will protect you, your business,  and employees against lawsuits.

Cost of Auto Dismantlers insurance

the standard cost of general liability insurance for a small Auto Dismantlers business depends on the location,  size of your operations,  the number of employees,  claims history,  experience,  Revenue,  and equipment used.

Why Auto dismantlers require insurance

An auto dismantlers business faces many risks common to all businesses, for example, said party property damage or an employee sustaining an injury while operating the equipment. Also, your property can be vandalized or robbed. Additionally, auto dismantlers face other risks unique to the business. For example, a client can claim they were cheated out of their money.

As the auto dismantler business owner, you are responsible and liable for all the risks.

Paying for any of these damages out-of-pocket can clean up your business and even cause you to close down. With the right auto dismantler insurance, your insurer will bear the costs on your behalf.

Types of insurance for Auto Dismantlers

Commercial general liability.

This policy covers third party claims. For example, a customer can get injured while in your yard and files a lawsuit.  The policy covers legal fees and settlement costs related to the injury.

Commercial property

Suppose a fire destroyed your yard. Commercial property insurance will pay for the repair and replacement of your property and contents in your yard because it covers your property and the contents inside.

Environmental liability

Your business deals with because that leak gases and oils that can contaminate the environment. This policy covers the costs of cleanup and legal fees that you may face if your vehicles contaminate the environment.

Commercial Auto insurance

If you offer towing services, you require commercial Auto insurance to protect your vehicles. The policy covers your vehicles if they are involved in an accident. It pays for the repair of the damaged vehicle or entire replacement.

Workers Compensation.

Employees working in your business are covered by this policy in case they sustain a work-related injury. It covers the medical cost and income lost during the treatment.

It is essential to consult a professional insurance agent who deals with commercial courage for your industry to advise on the amount of coverage needed for your auto dismantlers business.