One of our clients, a major contractor, secured a job to build a new data centre for a large publicly listed company in Singapore. On completion and prior to handover, a major fire occurred during the testing & commissioning period.
Our team took immediate action to ensure that the insurer’s appointed Loss Adjusters were able to expedite approval for the replacement and repairs of the damaged items.
The claims involved damage to the Building, the Works and third party liability. While our client started to refurbish the building and equipment, we arranged for the insurer to offer interim payments. As a result, 80% of the total claim, amounting to over S$6 million, was paid out over a period of 6 months.
Due to our prompt attention and high levels of service, our client was fully funded to replace all the damaged works. The entire claim was fully settled to a value of more than S$8.5 million.