Property losses to manufacturing facilities, for example, demand a public adjusting firm that has extensive experience in evaluating each specific issue. This includes a considerable understanding of the manufacturing process at hand and knowledge about the production equipment as well as depreciation accounting. Our forensic accounting team places additional emphasis on the compilation of business interruption loss claims.
Equipment Breakdown Coverage
Equipment breakdowns frequently result in significant losses for manufacturers and distribution companies. Insurance coverage for such occurrences is generally separate and apart from standard commercial property insurance forms. That coverage, sometimes referred to as “boiler and machinery” coverage, is coverage for loss due to mechanical or electrical breakdown of nearly any type of equipment, including photocopiers and computers. Coverage applies to the cost to repair or replace the equipment and any other equipment damaged by the equipment breakdown. Resulting business income and extra expense loss is often covered as well. Sill is generally regarded as the nation’s leading expert in mechanical equipment claims, with vast experience in all types of industry.