Fire — Packaged Food Manufacturer
A fire at a packaged food manufacturer's production facility damaged property and interrupted production.
The professionals of RT Forensic Accountants were engaged to quantify the business interruption, extra expense and property damage losses, and to present the claim to insurers.
- Industry
- Packaged food manufacturing
- Peril
- Fire at a production facility
- Coverage
- Property damage, business interruption and extra expense
- Result
- A claim exceeding $3 million, measured, presented and agreed within six months of the date of loss
The Loss
The fire damaged the production facility and interrupted output, creating lost income, extra expense to keep operations and customers supplied, and property damage to be repaired or replaced.
The Process
We worked with the company's finance and operations teams to measure the business interruption, extra expense and property damage, building each from the company's own records and presenting them to insurers as one organized claim.
The Results
The claim, exceeding $3 million, was measured, presented and agreed upon within six months of the date of loss.