U.K.-based plastics research group now offering advice for insurance claims.
The resource recovery firm Axion Consulting, based in the United Kingdom, has introduced an Engineering Advisory Service that has been designed to assist recycling companies with insurance claims for recycling and waste reprocessing plants that have been damaged by fire, explosion or other catastrophic events.
Axion says that its engineering staff is able to provide rapid assessment following damage claims for plant and equipment, business operation interruption and consequential loss within the recycling and waste reprocessing sector.
The company notes that staff members are able to draw upon their extensive technical knowledge in the recycling sector, which allows the company to 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,” says Simon Wilkinson, Axion’s principal engineer. “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."
According to Axion, its 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.
Simon adds, “The comprehensive service includes assessment of business interruption losses, evaluations of reinstatement proposals and estimating costs of any permanent or temporary reinstatement works.”
Axion Consulting is part of the Axion Group that develops and operates resource recovery and processing solutions for recycling waste materials.