Rushton International has an established and experienced team that provides valuations for insurance purposes in the manufacturing sector. Recent assignments have taken our team to various parts of the globe including Asia, Ireland, UK, Europe, United Arab Emirates, Africa, United States of America and Australia.
Rushton International’s skilled manufacturing team is equally experienced in the valuation of buildings, plant and equipment. Our valuations are based on what we see rather than relying solely on the information provided to us by the client. We often find asset changes, such as new product lines, and asset disposals or assets moved between sites in order to meet production demand. These changes are often not captured by the client and lead to incorrect sums insured.
We also understand the difference between asset types. In our many years’ experience working with some of the largest names in the business, we have often encountered a lack of understanding between buildings and plant items, which can lead to the double counting or omission of assets.
We provide an accurate and consistent valuation approach across all business and plant locations. Our detailed reporting caters for the delineation of building and plant assets, and plant registers, while an allocation of value to help with EML and PML type studies can also be provided. All work is completed to international standards and we can provide ongoing assistance following completion of the valuation.
Some Recent Projects We Have Valued
Company Name:Worldwide Food & Drink Client
Assets Valued: Valuation of buildings, plant and equipment for insurance purposes on a rolling worldwide basis.
Service: On-site surveys and comprehensive insurance valuation report. As part of our ongoing work with this client, we also provide yearly desktop advice.
Company Name:UK Spirts/Drink Manufacturing Client
Assets Valued: Valuation buildings, plant and equipment for insurance purposes. The valuation included the main distillery together with a smaller tasting distillery.
Service: On-site surveys and comprehensive insurance valuation report.
Company Name:UK Food Manufacturing Client
Assets Valued: Valuation buildings, plant and equipment for insurance purposes
Service: On-site surveys and comprehensive insurance valuation report for a client which produced white-label food products for major supermarket brands. Due to the closure of one site and moving some of the assets to another, our report concluded that the client was over insured as they had overestimated the amount of plant repurposed at the location.