Welcome to FRAGments, the online newsletter produced by the British Metals Recycling Association (BMRA). Delivered in bite-sized reports, we will be letting you know what has been happening and what we have been doing on your behalf. 

NEWS

Gable Insurance in liquidation

Members are advised that an insurance broker known to the industry, Gable Insurance, has gone into liquidation, which may lead to claims not being compensated. Gable Insurance underwrote recycling businesses as part of their general insurance portfolio, which was primarily property damage and combined liability cover. Unfortunately, this has serious implications as members may not be covered for the full term of their Period of Insurance and valid claims may not be compensated.

The Financial Services Compensation Scheme (FSCS) does provide some compensation for unpaid claims, however, there are rules on eligibility that could exclude members on some types of compensation if they are not individuals or companies with a turnover less than £1 million. Full details are provided on the FSCS website. 

Reminder legal and licensing advice for members

BMRA members are reminded that Mariel Irvine solicitors provides legal advice and representation for them at the reduced flat rate of £135 per hour (plus VAT). The first thirty minutes of advice will be free. The firm, which has a long-standing relationship with the BMRA, offers expertise in a range of areas, including: 

• Licensing
• Environmental, regulatory and enforcement issues
• Liability and insurance issues.  

Save up to 40% on Sage products

BMRA members can now access discounted rates on all subscription-based Sage 50 products. The Association is working with iFRC, a Sage partner and developer that works with companies to systemise and automate data flows to and from Sage and other applications. In particular iFRC works with companies that use multiple spreadsheets and/or re-key data between systems to improve the timeliness and accuracy of management information as well as improving efficiencies and reducing costs.

If you are interested in saving up to 40%, contact Stephen Bailey on 07921 941178 or take a look at the BMRA’s dedicated page on the iFRC’s website.