For most of its history, Utah Metal Works – one of the oldest family owned, non-ferrous metal recycling companies in the West – chose self-insurance as its strategy to protect against loss. But in 2005, commodity prices tripled while average load costs increased from $25,000 to $40,000. This heightened volatility also significantly increased the risk of customer non-payment. The company’s once adequate $60,000 bad debt reserve ballooned to

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