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Industry Specific Services Plastic / Foam Rubber

I would like to commend your company, and particularly Arnie Abramson for the efficient and expeditious handling of our claim. Arnie really 'took charge' of our adjustment, so that the executives of my company could spend full time at the jobs they know how to do best. We were really relieved of a lot of work, and it was done by Arnie in a much more professional manner and with better results.

Insurance Claim Services For rubber manufacturing businesses

When your plastic / foam rubber manufacturing business suffers property damage, your main focus should be on getting your operations up and running—yesterday.

You don’t have time for a drawn out insurance claim process or for the stacks of complicated paperwork required. When your rubber supplies are wiped out and foam and rubber equipment is damaged, you need to recoup your losses fast. 

At Adjusters International, our experts help foam rubber manufacturing businesses, like you, get the money they’re entitled to—sooner.

Your Situation

Situation 1
1
You just suffered serious damage to your foam rubber manufacturing business and you are wondering what to do next.
Situation 2
2
You call your insurance company and wait for an adjuster to come out hoping they will have your best interests at heart.
Situation 3
3
You move from the asset side of your insurance company's ledger to the liability side of their ledger.

How We Can Help

The More You Know, The Better The Results.

  • Settlement We will negotiate the best possible settlement.
  • Peace of Mind We can help you get back to your lives, family, and business sooner.
  • Administration We cover every part in preparing and settling your claim.
  • Team A team of experts on your side.

Plastic / Foam Rubber
Factors To Consider

Make sure you fully understand the meaning of each of the following before you move forward. Feel free to reach out to us for a no-cost discussion about your claim.
  • Frequently insurance companies use independent building and equipment consultants to prepare bids.
    • Who are these consultants?
    • Who are they working for?
    • Do they only work for insurance companies? Why this should be a red flag.
  • Replacing versus repairing production lines. Pros and cons.
  • Temporary production in other owned or non-owned locations? What happens at the end of your claim?
  • Hazardous materials such as asbestos and lead can be expensive to address. Make sure your insurance carrier does not cut corners when addressing this issue.
  • Warranties and Protective Safeguard Requirements.
    • What do they mean?
    • What if you are not in full compliance?
    • Can you still collect?
  • What happens when the insurance company engages a forensic accountant?
    • What is his/her role?
    • Why can’t your accountant just prepare your claim?
    • What is the harm in sharing your financial statements?
    • Are you required to produce your tax returns?
    • Can you recast your financial statements? If so, why?
  • Can you continue to pay your employees?
    • “Ordinary” employees versus “key” employees. How do they get classified? What is covered?
  • What is the difference between Actual Loss Sustained and Sales Value of Production and how does it affect your claim?
  • What is your broker or agent’s role?
    • Will he/she be adjusting the claim?
    • How many claims has he/she handled?
    • Will his/her role be active or passive?
    • When faced with supporting your position or the insurance company’s, where will he/she stand?
  • Is there coinsurance in your policy?
    • If there is, what does it mean?
    • If there is, did your insurance adjuster tell you? If not, why not?
    • How is coinsurance calculated on replacement cost? On actual cash value?
    • Properly managing coinsurance can prevent disaster. Not properly managing coinsurance can put you out of business!
  • Increased efficiency and productivity with new equipment. Does the insurance company get a “credit?”
  • How does the smoke and the water used to fight the fire affect your machinery? Your computers and other electronics?
  • Code Upgrade coverage is very important when rebuilding after a fire.
    • How does your coverage address codes?
    • If your coverage is limited, is there anything you can do about it?
  • Valuation of raw materials. Work in progress. Finished goods. Methodologies employed.
  • What are expediting expenses? How do they differ from extra expenses?
  • How do you project lost sales? What about new products? Sales declines?
  • Coinsurance clauses in loss of income coverage can lead to disastrous results when including labor expenses in the cost of goods manufactured and exclude those labor expenses in the business interruption evaluation.

Plastic/Foam Rubber Client References