Lorega Expert helps restore a waste recylcing plant
When a major fire tore through a Midlands based waste recycling plant, not only was the building and plant severely damaged but the stock burned for several days.
The plant had a number of local authority black bag disposal contracts which had to be continued to prevent financial penalties.
Fortunately, the business had Lorega’s Loss Recovery Insurance, and they were able to ensure that a Chartered Loss Adjusters was appointed to act for the policyholder to get the claim sorted out.
The first priority was to ensure that the bags could be securely stored and the processing outsourced to other plants, the cost of which was covered under the business interruption section of the underlying insurance cover.
Although this was successfully recovered from the Insurance Company, the value of the stock was initially rejected on the basis that ‘stock debris’ removal did not cover the increase cost of landfill disposal.
Fortunately, the Lorega Expert was able to argue that the stock would have been sorted into waste recycling and land fill disposal, if it had not been for the fire, and the additional cost of landfill was recovered.
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