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MDVA looks to help out with insurance

A new insurance scheme specifically for vehicle dismantlers and salvage operators is being hailed as a sign of growth in the industry.

The Motor Vehicle Dismantlers' Association (MVDA) has launched the initiative in conjunction with Ingram Hawkins and Nock, insurance brokers who have vast experience of providing services to recycling companies.

MVDA association secretary Duncan Wemyss said: "This is confirmation that the industry is moving ahead and modernising with insurers viewing it in this light."

Insurance for companies in the industry was for a long time provided by a few major players. But when Norwich Union decided not to take on any more clients, the MVDA decided to act.

It will give its two hundred plus members 10-15% of savings on other schemes. Currently the MVDA deals with 20% of the marketplace, but with other benefits such as its quarterly magazine, information and advice, many other companies are being encouraged to join up to MVDA membership.

Wemyss continued: "We did trials and found it to be greatly beneficial, especially to smaller companies. With the insurers experience and other added benefits, it's an attractive package."

Further information regarding the scheme and MDVA membership is available on 01543254254 or mail@mvda.org.uk.

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