Recycling and waste disposal: the old made new
Recycling and waste disposal are becoming increasingly important on an international basis. As the economy grows, so does the production of waste. At the same time, thanks to growing environmental awareness and ever tighter resources, there is an increase in the demand for secondary raw materials, such as metal, paper and plastics.
Recycling companies, waste incineration plants and other waste disposal operators have a special responsibility in this context – and special risks that must be individually identified for each company. In a difficult insurance market, Funk helps companies in the recycling and waste disposal sector to implement targeted risk management and cover concepts.
Risk assessment and insurance solutions for a special industry
- Property damage insurance against fire/explosion and machinery breakdown (technical and organisational fire protection) as well as theft of valuable raw materials
- Business interruption insurance due to property and technical damage
- Liability insurance for third party claims resulting from the production system due to disposal and burning or the products themselves
- Professional liability insurance
- Environmental insurance against risks from recycling and disposal, such as radioactive contamination, asbestos etc.
- Product recall insurance
- Marine cargo insurance
- Credit insurance
- D&O insurance
- Legal protection and criminal defence insurance
- Vehicle insurance
- Employee health and benefits concepts
Facing the market’s challenges with a strong partner by your side
The greatest challenge for the waste disposal industry is a safe, effective reduction of waste while keeping all harmful materials out of circulation. This requires highly complex technical systems that are enormously cost-intensive both to build and operate. The industry is also shaped by a sharp difference between the requirements from legal authorities, e.g. in terms of environmental protection, and the requirements of insurers concerning fire protection, radiation protection and other aspects. These circumstances greatly restrict the insurance market for the waste disposal industry, especially concerning wordings and the choice of insurers. By offering a thorough overview of the insurance market, our experts are able to recommend suitable insurance solutions, both for the German market and at a global level.
The recycling and waste disposal industry is also marked by particularly hazardous environmental risks due to dust and other emissions. Extensive fire damage and especially the risk of fire from the processes and systems themselves present some of the core risks in this context. The appropriate fire protection measures vary according to the recycling materials in question. What is clear, however, is that every company in this sector needs a high degree of technical and organisational fire protection. As part of a comprehensive risk management strategy, Funk identifies and assesses these and other risks, recommends preventative measures and devises an insurance program that meets the individual requirements of your company.
Risks
Liability risks
The potential liability of companies varies depending on the industry or clientele. Nevertheless, all companies have one thing in common: even small mistakes can lead to severe losses.
Property damage and BI risks
While property insurance is a basic protection every company should have, the risk of business interruption is increasing steadily as well – especially for globally connected players.
Risks in M&A processes
The M&A market is booming: in a constantly changing market environment, transactions are the key to the success and future viability of companies. But their risks should not be underestimated.
Services
Funk China
Investing and operating outside of China becomes more and more essential for Chinese companies. The Funk China Division supports its Chinese clients in managing the risks, challenges and chances of worldwide outbound investments.
Insurance + risk management
Funk devises and implements holistic risk and insurance solutions for companies across all industries, sectors and countries. In doing so, our experts do not only secure your individual assets but also create genuine added value for your company.
Employee health + benefits
Employee benefits concepts are a sustainable component of a good corporate policy. Funk provides comprehensive, transparent advice with a view towards the long-term advantages for your company and your employees.
