Ideal Accounts and Appetite
This program is built for businesses that handle metal recycling, salvage, and related operations. Ideal accounts include:
- Scrap metal yards and collection points
- Auto salvage and dismantling operations
- Industrial recyclers and processors of metal-based materials
IPMG will consider accounts with elevated experience modifications or a prior loss history and can help determine the best market placement. Typical declines include operations with severe, unresolved regulatory issues or exposures outside standard scrap metal activities.
Coverage Highlights and Advantages
- Fast turnaround—same-day quotes available when submissions are complete
- Access to A-rated carriers focused on workers’ compensation for this niche
- Markets that will consider high-mod or distressed accounts depending on underwriting
- Minimum premium beginning at $5,000
The program addresses core comp exposures for scrap handlers: material handling and sorting, heavy equipment operation, transportation of loads, and shop/dismantling activities. Whether your client is a small local yard or a regional processor, IPMG offers underwriting experience and placement options tailored to these risks.
Submission Requirements
To obtain a quote, provide:
- Completed Accord application with a clear description of operations
- Three to four years of currently valued loss runs
- Current Experience Modification Rating (if applicable)
Territories and Availability
This workers’ compensation program is available in: AL, AR, GA, IL, IN, KS, MS, MO, NV, NC, TN, VA, and WV. IPMG leverages different markets by state to find the best fit for a given account.
Why Work With IPMG?
IPMG specializes in niche and complex workers’ compensation placements. Their underwriters understand the operational hazards common to scrap metal and recycling businesses and can navigate placement for accounts other markets may avoid. Agents benefit from quick responses, broad market access, and a partner comfortable with higher-mod or challenged files.
Example scenarios:
- You have a regional auto salvage yard with heavy equipment and a recent uptick in claims — IPMG can evaluate available markets that will consider the account.
- A small scrap collection business needs comp coverage but has a higher mod; IPMG can help you prepare the submission and target appropriate carriers.