Expert Opinions and Loss Adjustment Evaluations
BTE members draft expert opinions and loss adjustment evaluations for claims involving the following:
Buildings and structures
including assessing the direct and indirect costs and performing evaluations and analyses pertaining to the following:
- soil mechanics
- structural strength
- engineering construction
- residential building systems
- civil and construction engineering
- building design and construction
- interior finishing
- special structures and construction
Machinery and plant equipment
including assessing the direct and indirect costs and performing facility and plant evaluations in the following areas:
- primary industry
- coal extraction, mining and metallurgy
- construction materials, non-metallic minerals, quarrying
- processing industry
- foundry and casting operations
- automotive industry
- machine tools
- wood working equipment
- foodstuffs and beverage machinery and equipment
- plastics processing machinery and equipment
- apparatus engineering
- trade
- transportation
- warehousing
- electrical engineering
- electronic engineering miscellaneous fields
- Goods and commodities
including valuating the direct and indirect costs and performing quality and insurability assessments
Business and plant interruptions
including valuating the direct and indirect costs and assessing loss prevention and containment measures
Chemical/physical and technical/electrical risks
including risk assessments and assessing rehabilitation measures
- Determining the causes of damage/loss
- BTE members draft expert opinions and perform valuations pertaining to the following:
- property insurance: insured value
- relocation of plants and operations
- costing
- replacement value
- reproduction value
- formation of companies on the basis of non-cash contributions or asset acquisition
- transfer transactions
- purchase/sale transactions
- loan collateralization
- third-party property
- private sales
- auction sales
- bankruptcy cases
- BTE members evaluate protection against fire, machinery and electrical damage.
Expert opinions are rendered by BTE members in their own respective fields. Assignments and projects requiring the expertise of various fields are tackled in interdisciplinary task forces formed by several BTE members, the result being a joint expert opinion.