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Packaging & Printing Industry Project Recaps: Press Mechanical Failure

Manufacturing Industry Project Recaps: Press Mechanical Failure
ILC Assignment:
  • Site inspection of the insured’s press.
  • Determine whether the mechanical failure was due to a maintenance issue.
  • Determine if the repairs and their associated costs are fair and valid.
ILC Inspection Details:
  • ILC inspected the machine, reviewed the repairs, and conducted an interview to understand the loss and determine if the repair costs were valid.
  • ILC performed a desktop review and gathered information on how the loss occurred.
Summary:
  • ILC determined that the insured’s press failure was due to a mechanical breakdown rather than a lack of maintenance.
  • The total of $31K to bring the press back to pre-loss condition provided by the manufacturer is fair and valid.