A machinery manufacturer
Client: a machinery manufacturer.
We arranged property insurance, machinery insurance, and business interruption insurance for the client. The insured's plant was devastated by a fire. The plant had been constructed years ago when the fire rating requirements were less stringent. However, during the rebuilding process, the fire rating requirements had been raised, necessitating additional fees to meet the new standards mandated by the public authority. Our client believed that it would be unlikely to recieve any indemnity . However, through our comprehensive explanation and assistance, we successfully facilitated indemnity for the insured at the applicable rate by leveraging the public authority clause.
