New Advisory Service to assist with recycling insurance claims

Resource recovery specialist, Axion Consulting, has introduced an ‘Engineering Advisory Service’ to assist with insurance claims for recycling and waste reprocessing plants that have been damaged by fire, explosion or other catastrophic events.

Axion says its team of engineers can provide rapid assessment following damage claims for plant and equipment, business operation interruption and consequential loss within the recycling and waste-reprocessing sector.

Drawing on its extensive technical knowledge of the sector, the company says its team can supply specialist advice to insurers, reinsurers, loss adjusters, brokers, solicitors, owners and other insurance industry professionals to determine solutions and associated costs for repair or replacement.

“Major damage, whatever its cause, deals a devastating blow to any business as exemplified by several recent high-profile disasters in our sector,” commented Axion Principal Engineer, Simon Wilkinson. “While there are many professionals who can assess damage to buildings and structures, few can assess and accurately quantify damage to the actual process and equipment.”

Axion’s service can report on the scope of the damage and evaluate equipment and machinery, from single machines to entire reprocessing facilities. On-site inspections of plant, equipment, machinery, mechanical and electrical services are carried out to accurately assess whether repair or replacement is required and to draw up reinstatement estimates as well as consequential losses.

“The comprehensive service includes assessment of business interruption losses, evaluations of reinstatement proposals and estimating costs of any permanent or temporary reinstatement works,” Wilkinson concluded.