Business and Economics Group

The members of BTE’s Business and Economics Group are called upon in cases relating to assessing the fixed costs in a company or when the costs incurred by a business or plant interruption have to be determined or associated consequential damage or loss contained. They assess the value of stocks and products as of a certain reporting day for claims, or as otherwise needed.

If necessary, they implement organizational measures to lessen the impact of the damage or loss incurred by outages or business interruptions.

The demands made with regard to qualification and business/economics expertise are extremely exacting, as high amounts are typically at stake: For example, the loss caused by a forced business interruption or plant shutdown frequently extends far beyond the material loss induced by a fire or other cause.

In performing their loss handling or damage management functions, the members of the Business and Economic Group are not only called upon to assess the value of stocks and, if necessary, to dispose of them in a cost-effective manner; in addition, they also have to investigate and monitor possible emergency measures to contain the damage or loss. For example, this includes developing provisional solutions while cutting back on current production and calling in other companies or external production facilities. If necessary, they help to accelerate the replacement of destroyed production equipment and stocks.

When a loss occurs or a claim is filed, all the actions associated with the business or plant interruption are examined with regard to their cost-effectiveness and profitability. The BTE business and economics experts are thus not only acquainted with the respective market situation, but with the insurance policy conditions as well.