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Incremental Costs for Global Chemicals Manufacturer

We were instructed by Insurers to assess the incremental costs incurred by a global chemicals producer.  A loss was sustained following an explosion at an upstream supplier.

We were required to investigate and measure the value of the increased costs incurred versus the mitigation achieved, in order to allocate the costs between economic increased costs of working and uneconomic additional increased costs of working.

The Insured had incurred a range of increased costs to mitigate losses including capital investment costs to facilitate alternative raw material supply; additional transport and production costs associated with alternative group chemical facilities; costs associated with a joint venture facility in China as well as the measurement of additional duties, storage and yield / inefficiency costs.

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