Business Interruption Losses
A manufacturing company’s operations were unexpectedly interrupted
when the equipment that brought electricity into the plant failed.
The manufacturing company filed a claim against the equipment supplier
for lost profits incurred as a result of the plant shutdown. ValuePoint
was retained by the equipment supplier’s law firm to determine
the manufacturing company’s actual lost profits and assist
with negotiating a settlement.
The ValuePoint professionals working on this assignment were able
to secure the cooperation of key employees from the manufacturing
company and gain a thorough understanding of their operations.
We prepared a “but for” analysis that determined the
Company’s losses were substantially mitigated. As a
result, we were able to assist our client with negotiating a favorable
settlement without jeopardizing the business relationship between
the two companies. |
