Continuing Education
Catastrophic Losses Involving New or Refurbished Equipment
Course Description
This course is designed to help adjusters minimize downtime, costs, and operational disruption when handling losses involving new or recently refurbished industrial and commercial equipment. Participants will examine common damage mechanisms affecting newly built or refurbished machinery, learn how to properly document complex losses, and identify the key parties required for effective resolution. Through multiple real-world case studies, the course demonstrates practical strategies for restoring the insured to pre-loss condition while balancing repair, replacement, and subrogation considerations.
State Approval Status
CE credit is available in the following states:
- Delaware
- Florida
- Georgia
- Iowa
- Indiana
- North Carolina
- New Hampshire
- Minnesota
- Mississippi
- Oklahoma
- Texas
- Wyoming
What You Will Learn:
- Common causes of loss affecting new and recently refurbished equipment.
- How to document equipment losses and identify all necessary stakeholders and experts.
- Key considerations in subrogation, warranties, and builders risk scenarios.
- How to evaluate the true cost of loss, including business interruption impacts.
- Practical lessons from real-world case studies involving complex equipment losses.