NEWS
Gable Insurance AG administration could cause huge financial pain to Waste Management customers
Gable Insurance AG, an insurer of many waste and recycling clients in the UK, was placed into administration in October this year. One month later an administrator, PwC Switzerland, announced they had applied to the courts to have the company ‘wound-up’, whilst at the same time suspending all further claims payments.
Having refused to place any of our clients insurances with Gable, this outcome comes as no surprise to us. However it does beg the question as to how many Skip Hire firms will be caught out by this latest announcement? It also raises questions over the
performance of their current insurance broker, in terms of both the advice given at the initial placement of cover, and also in keeping them informed as to the precarious financial position they could find themselves in. Gable Insurance AG are regulated by the
Lichtenstein FMA, and not by the UK Financial Conduct Authority (FCA). If a current Gable customer suffers a new loss
and Gable are unable to honour any resultant claim, the route for any compensation could be a protracted and complicated process with no guarantee of success. One potential safety net may
be the Financial Services Compensation Scheme (FSCS). The FSCS protects ‘small businesses,’ but generally only those with a turnover not exceeding £1m. To further complicate matters, it only
fully covers compulsory insurance products such as third party motor, and employer’s liability claims. Therefore the likely outcome for many businesses should they need to claim is that they will be ‘on their own.’ Wasteinsure have specialised in
the Waste & Recycling sector for the last 20 years. If you want a specialist broker, who will only recommend financially stable ‘A’ rated insurers, then you can speak to us in confidence.
By
www.wasteinsure.co.uk
Huge blaze results in disqualification for waste boss
with no permit A Cheshire waste company employee whose firm was involved in a massive warehouse fire has been banned from being a company director for a total of seven years.
Paul Baison, 64, commercial director at Lancashire Fuels 4 U, was given a suspended prison sentence after admitting operating a waste facility without a permit. He also pled guilty to storing waste in a manner likely to cause harm to human health, and pollution to the environment. The fire broke out in May 2014 at the company’s
HQ at the River Lane Industrial Estate, Saltney, and took a week to extinguish.
Power issues meant solar option proved best for Aberdeenshire company
Scotland’s largest independent paper recycling company installed a solar powered waste compactor fitted with bin tipper at Arjowiggins in Aberdeen – the first machine of its kind in Scotland.
East Kilbride based Highlander International Recycling fitted the new compactor as part of a long-term contract between Highlander and fine paper manufacturer Arjowiggins, who are based at Stoneywood Mill. The deal means all non-hazardous waste materials will be collected and processed
with the objective of zero waste to landfill, and also included provision of a normal mains driven compactor and tipper unit in another area of the site. Stephen Duffy, Director at Highlander
commented: “We have been recycling Arjo’s waste for several years now, and the need for compaction machinery was evident as some general waste load weights were on the light side. “One of the areas where we wanted to site
a compactor with tipper system had no power supply available, so a solar powered machine was put forward as a solution and
this has been made a reality. “The machine comes with a tipper system
for 1100 litre wheeled bins, which are located around the entire Arjo facility for general, non-recyclable waste. The solar panels power a battery – which in turn runs the compactor – and this is one of the first static machines to run from a 24 volt motor. “The only difference between the unit and the
standard mains-powered compactor we also supplied, is that the cycle times are a little slower. However the crushing force is exactly the same as the mains powered compactor.” The compactors will reduce general waste
volumes and collection frequencies at Arjowiggins , and help maintain the quality of recovered paper recycled at the mill and keep general waste contamination out of paper recycling bins. Stephen Duffy continued: “The machine
was supplied by Dave Knowles of Clydesdale Technical services. This represents a £50,000 total investment in equipment, which we estimate will save the company about £30,000 in collection and disposal costs over the contract period.”
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www.skiphiremagazine.co.uk Issue 132 December 2016 SHM 7
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