Crawford & Company Singapore has considerable experience in dealing with financial losses including the following types of losses:-

• Advance Loss of Profits
• Business Interruption
• Banker's Blanket Policies
• Computer Crime
• Directors and Officers
• Fidelity Guarantee
• Errors and Omissions

Most of the claims dealt with by this department are business interruption losses and our staff have years of experience of such claims together with appropriate accountancy qualifications to enable understanding of financial statements and accounting methods.

Loss Mitigation

The extensive experience of business interruption losses in Singapore means that we are in a position to provide advice to the Insured on business recovery plans in order to help the business recover as quickly as possible. Such measures could include rental of alternative premises, airfreighting of critical equipment and sub-contracting certain operations. Our services include calculating whether such measures are economically feasible.

Industries

Different type of industry has different interruption features and we have experience with the following industries :-

• Automobile Components Manufacturers
• Bowling Alleys
• Cold Storage Warehouses
• Cinemas
• Electronic component manufacturers (including semiconductor fabrication plants)
• Exhibitions
• Food Processors and Manufacturers
• Hotels
• Injection-Moulding Factories
• Paper Manufacturers and Converters
• Petrochemical Installations
• Printers
• Retail outlets (including jewellers, supermarkets and shopping centres)
• Service Apartments
• Textile and Garment Manufacturers
• Warehouse Operators

Major Losses

Major business interruption losses dealt with by our Singapore-based staff include the following:-

• A US$30 million interruption claim involving earthquake damage at a semi-conductor plant in Taiwan which occurred in 1999.
• A S$5 million interruption loss as a result of a fire at an animal feed manufacturer's premises in Singapore in 1999.
• A S$3 million interruption as a result of a fire at a cold storage warehouse and food processor in Singapore in 1998.