Project Details
- Date: July 19, 2022
- Client: Manufacturing Company
- Location: Malaysia
- Category: Flood Insurance, Insurance Claims Assistance
Flooded Stock
We were contacted by a giant manufacturing client to inspect and audit their insurances. Pursuant to the audit, we noticed a massive gap between what was insured and what they intend to insure. The existing policy was heavily bloated and was filled with many things they do not need. Eventually we made crucial changes to the coverage and made it a lot leaner but sufficiently as it was tailored to their insurance needs. We saved them a minimum of RM350k per year and improved their coverage at the same time. The policy was tested at about 6 years after the changes took place where the client had suffered a massive flood to the premises, damaging many of their stock. We assisted in the claims process to which the same was paid in full in about RM650k.