Damage to Machinery and Plant, due to sudden breakdown, and failure of integral components
Modern manufacturing businesses use very expensive and highly sophisticated plant and machinery which engage a combination of mechanical,electrical and electronic components. A fault or failure in the component of any machine can often result in a rapid and catastrophic breakdown of ancillary machines and a major loss of production.
Many comprehensive business insurance policies provide cover for the resultant damage caused to the plant and machinery by the failed component. Business interruption and loss of turnover and loss of profit insurance claims also typically result from machinery or plant breakdown incidents.
Immediately following a machinery breakdown incident The Claims Consultancy Loss Assessors and consultants can assist with the arrangement of emergency repairs to make the plant and equipment safe and to ensure that mains services are safely terminated or resumed to mitigate losses.Following a sudden plant failure or breakdown incident The Claims Consultancy Loss Consultants will attend at your premises and complete an analysis of your business process and then provide professional expert help and assistance with your resultant insurance claim by preparing a schedule of loss for submission to insurers.
When the claim has been submitted The Claims Consultancy will then negotiate settlement with insurers or their loss adjusters on your behalf.We will provide you with guidance in obtaining appropriate specialist estimates for repair where necessary.Where appropriate we can engage associated engineers to comment on the cause and extent of damage due to the machinery breakdown and we can offer an independant opinion on the cause and exent of remedial works required.
Your insurers are likely to appoint a loss adjuster or claims handler to deal with your claim but this is to protect their own interests.These representative's operate under heavy workloads and your claim cannot be given the focus it deserves. Loss adjusters and insurance claims inspectors appointed by your insurers do not prepare your claim, they adjust the claim you submit. Other expenses may be recoverable under the policy of which you are unaware. If you prematurely agree a claim with insurers it may be too late for them to subsequently reconsider additional items.
Machinery and Plant breakdown insurance policy wordings are complex and difficult for a policyholder to understand. An insurer or his representative have the advantage and will often attempt to construe the wording in their favor. The Claims Consultancy Loss Assessors based in London provide a full claims management sevice and understand insurance policy wordings and have the knowledge and experience to redress the balance and ensure that your machinery and plant failure claim is given the fullest and fairest consideration it deserves.
It is therefore essential that you are represented by your own professional public loss assessor as soon as possible after suffering a machinery and plant breakdown loss to ensure your insurance claim is properly and accurately presented and you receive the maximum benefit under the policy.
Benefit from of our 25 years of machinery and plant breakdown experience.
Call The Claims Consultancy Loss Assessors now ! 07970380111