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Insurance for Automobile Wrecking Yards

Insurance for Automobile Wrecking Yards

Insurance for Automobile Wrecking Yards

Operators of automobile wrecking yards and salvage yards need specialized insurance to operate with minimal risk. If you can provide that insurance, you can meet more clients’ needs and write more business. Prime Insurance Company offers insurance for automobile wrecking yards, designed for the complexities of automotive parts, salvage, and disposal.

Why Insurance for Automobile Wrecking Yards Matters

Automobile wrecking yards serve an important purpose. The people who run them face certain risk exposures. Insurance for automobile wrecking yards ensures that your clients are protected against lawsuits and liability issues.

Automobile wrecking and salvage yards are key places where environmental liability matters. In dealing with old or unwanted vehicles, salvagers and wreckers handle, store, and move hazardous materials. If these materials are not used or managed as they should be, there could be environmental damage or personal injury. A lawsuit could follow, too.

In 2015, a California salvage yard settled a lawsuit over polluted stormwater runoff. Environmental groups sued the automobile salvage yard alleging they were violating the Clean Water Act. The salvage yard ultimately agreed to eliminate stormwater discharge, clean up the yard, and increase pollutant monitoring. They also donated $25,000 to be used for water quality improvement in the area.

Lawsuits also stem from the premises and not only the materials within them. In Canada, a man was mauled by dogs at a salvage yard in 2008. He sued the owner for negligence and was awarded $324,000 in damages plus interest. Without insurance to cover that cost, it could seriously impact a client’s ability to keep their business going.

The vehicles and parts can also generate risk and exposure. In a Nevada lawsuit, a family sued a salvage yard alleging a recalled part was sold when it should not have been, leading to injury. Personal injury lawsuits often see soaring damage amounts, again something that can shut a business down without insurance to help.

In addition, many people will not work with automobile wrecking yards that cannot prove they are insured. That being said, general liability insurance may not be enough to address the complex insurance requirements for automobile wrecking yards. You can offer your clients something more extensive to address specialty risk.

Comprehensive premises and product liability insurance keeps your clients competitive and protected against devastating legal action. Garage liability and towing insurance can also help if your clients are handling towing operations as part of their wrecking and salvage. Whatever insurance products best suit your clients’ needs, Prime Insurance Company is here as your partner in success.

Working with Prime Insurance Company for Automobile Wrecking Yard Insurance

Prime Insurance Company is focused on insuring specialty and hard-to-place risks, including insurance for automobile wrecking yards. We understand that insurance producers want to offer their clients comprehensive, custom coverage, and that is what we help you do. We write tough risks. You and your clients see the reward.

We do this by leveraging our many decades of experience and industry-specific expertise. We understand how to handle risk thanks to years of doing exactly that. Our in-house staff can quickly and accurately evaluate risks and offer options and solutions for your clients. Even when people have been turned away in the past, Prime Insurance Company may find a way to provide coverage.

We see risk management as a partnership, preventing costly claims in the future by advising your clients now. We value our relationship with each insured. And we work hard to offer guidance and recommendations to give peace of mind and avoid needless risk.

Of course, if your clients need to act on a claim, we respond quickly. We offer 24-hour assistance to every insured, through our in-house team comprised of attorneys and industry professionals. We keep clear, consistent communication throughout the claims process so there are no unwanted surprises.

What does this mean for you? Our goal is to help you write more business by acting as a backstop to provide additional coverage. We enhance your insurance services for your clients, adding broader coverage and flexibility. You remain competitive as an insurance producer, and your clients will keep coming back to you because you can offer what they need.

Help your automobile salvage yard clients stay in business without losing ground to expensive, damaging lawsuits and liability. Partner with Prime Insurance Company, and see the difference that specialized, expert insurance makes for your clients and your business.

To learn more, contact us today. To get started with a quote, use our . You can also call Prime Insurance Company at 800-257-5590 or email at info@primeis.com. As always, you can find us Facebook, Twitter, YouTube, LinkedIn, and Instagram, or read our blog.


rick lindseyAuthored by Rick J. Lindsey, CEO, President, and Chairman of Prime Insurance Company

Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. Prime Insurance also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are Prime Insurance can help.

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