Case Study

ROM Reduced by Millions with ILC’s Involvement

Tornado Hits Agricultural Equipment Manufacturer

Case Study

Tornado

Services Provided

BI-Mitigation
Inventory Analysis
Solutions Provider

Tornado Hits Agricultural Equipment Manufacturer

The Situation

Following a direct hit from an EF-3 tornado, an agricultural equipment manufacturer sustained widespread damage across a one-mile industrial campus. Manufacturing machinery and showroom equipment were dispersed across multiple buildings and staging areas, with initial insurance loss estimates exceeding $100 million and machinery and equipment losses projected to surpass $50 million. 

Equipment Impacted

  • Production Manufacturing Machinery
  • Finished Agricultural Machinery

Value-Driven Solutions

Inventory and Damage Assessment

ILC conducted extensive site inspections across multiple campus structures to document more than 1,700 capital machinery and equipment assets. The evaluation included assessing structural impacts, determining damage severity, and identifying equipment that remained recoverable or repairable.

Strategy for Recovery

Efforts were coordinated to move usable and repairable machinery and equipment into temporary work cells in less-affected facilities. At the same time, finished agricultural machinery stored outdoors was assessed to determine which items could be sold and distributed immediately.

 

Loss Investigation and BI Mitigation

Working with the insured, recovery plans were developed to prioritize salvage, equipment restoration, and remediation sequencing across the campus to accelerate recovery, reduce extended downtime, and minimize BI.

 

Tornado Hits Agricultural Equipment Manufacturer

The Results

Significant Machinery Loss Reduction

Intensive recovery and restoration efforts reduced the initial machinery and equipment rough order of magnitude loss estimate by more than $20 million.

Accelerated Production and Distribution Recovery

Identifying and relocating recoverable manufacturing equipment facilitated the swift resumption of production and the establishment of temporary work areas.

Minimized BI and Revenue Impact

Identification of unimpacted finished agricultural machinery allowed shipment and distribution operations to resume within days of the tornado event, helping stabilize business operations and reduce financial losses.

 

Case Studies

Real Claims, Real Results

Fire Damage on Aluminum Casing Line

Solution to Repair Instead of Replace Reduced Claim By $1.5M

Breakdown of CNC Machine

Repair vs. Replace Solution Reduces Claim By $600,000

Damaged Car Wash Systems

Reduced Claim by $32K

Damaged in Transit - Corrugated Box Making Machine

Missing seals and transit mishandling

Explosion at Condo Association

$1M+ in Equipment Retained Through Repair vs. Replace

Explosion at Ethanol and Ethanol Co-Products Plant

Claim Reduction Over $9M

Explosion at Ethanol and Ethanol Co-Products Plant

Reduced Claim By Nearly $6M

Explosion in Saturator Converting Line

Prevented $12 million in Business Interruption

Fire at Chemical Processing Facility

Lead Time and Reduction by Over $15M

Fire at Livestock Rendering Plant

Uncovered $4.5M in Betterments

Fire Damage at Concrete Batch Plant

Repair vs. Replace Significantly Reduces Claim Costs

Fire Damage on Film Line

Lead Time Cut by 14 Months, Reducing Costs by Over $1.5 Million

Fire Damage on Metal Processing Equipment

Reduced Claim Cost by over $700,000

Fire Damage with Healthcare Equipment

97% Reduction in the Claim

Fire in Electrical Control Systems

Reduced Claim by Nearly $1M

Fire Loss of Life Science Equipment

Reduced Claim Costs More Than $3.5M

Fire/Water Damage at Aluminum Beverage Can Manufacturing

Result in Reduced Claims Cost of Nearly $3M

Flood Loss at Indoor Water Park

Reduced Claim by $400k with Pre-existing Findings

Freezing Pipes & Water Damage In Boiler System

Solution to Repair Mitigates BI and Reduces Claim Over $85,000

Hail Storm at Manufacturing Facility

$11k Repair Instead of $800k Replacement

Lighting Surge at Packaging and Printing Facility

Restoring to Pre-loss Reduced Claim by $2.9M

Mechanical Breakdown at Gun Manufacturing Facility

Reduced Business Interruption by 14 weeks

Mechanical Failures on Horizontal Grinder

Identified Failures Stemming from Inadequate Repairs

Tornado Hits Agricultural Equipment Manufacturer

ROM Reduced by Millions with ILC’s Involvement

Water Damage at Chemical Feed Water Line

$1.6M Reduction in Pre-existing Conditions

Water Damage to MRI Machine

Medical Equipment Repair Costs Reduced by over $100,000.

Water Damage with Fire Pump System

Reduced Repair Cost by almost $4k

The Experts Behind the Best Outcome.

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