Case Study 6.0: Commercial Property Risk Fire! A manufacturer of electrical products has been successfully running its business for more than 30 years. The company manufactures very specific niche products and maintains a limited and specialized pool of loyal clients. One evening after business hours, an electrical fire began near a chemical storage room. To see what happened when this fire caused an $8 million property loss, One Minute From Normal One Minute From Normal and Counting The fire resulted in an $8,000,000 property loss for the manufacturer, including $1,500,000 of business interruption and the very real potential of losing its contracts and business. To see how this manufacturer got back to normal, click on Solution Getting Back to Normal The manufacturer contacted PMA Companies as the fire was burning. A PMA claims representative was on site that day. The fire destroyed 9,000 square feet of key manufacturing machinery and processing operations, and the balance of the building received varying levels of heat, smoke and water damage. To quickly begin picking up the pieces, PMA: Hired a disaster recovery firm to clean and restore the facility. Worked with the manufacturer’s clients to ensure operations would be back within the needed time frame. Cleaned the damaged but not destroyed portion of the facility to meet standards in order to continue manufacturing products. Collaborated to put a successful action plan in place to return the manufacturer’s business to normal with limited interruptions. PMA representatives monitored the restoration process from start to finish and regularly provided on site updates to the manufacturer’s key personnel. The manufacturer’s operations were returned to normal and restored to OSHA standards quickly enough to meet the business needs of its customers and the safety needs of its employees. A quick response from PMA and its hired disaster recovery firm ensured limited business interruption for the manufacturer and its clients. Contact KMRD Partners to get back to normal with the right commercial property risk management.
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