{"id":347,"date":"2021-11-17T21:35:59","date_gmt":"2021-11-17T21:35:59","guid":{"rendered":"https:\/\/www.bbrown.com\/?post_type=case_study&p=347"},"modified":"2023-03-28T16:51:20","modified_gmt":"2023-03-28T21:51:20","slug":"beef-processors-cost-saving-solution","status":"publish","type":"case_study","link":"https:\/\/www.bbrown.com\/ie\/case-study\/beef-processors-cost-saving-solution\/","title":{"rendered":"A Beef Processor\u2019s Cost-Saving, Risk Mitigation Solution"},"content":{"rendered":"

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Food & Agriculture Case Study<\/p>\n

\n A Beef Processor\u2019s Cost-Saving, Risk Mitigation Solution\n <\/h1>\n\t\n <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ full_width=”stretch_row” equal_height=”yes” content_placement=”bottom”][vc_column width=”1\/4″][vc_single_image image=”791″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n
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\n The Request\n <\/h2>\n\t\n <\/div>[vc_column_text]<\/p>\n

Assist one of the largest beef processors in the United States with its property insurance program.<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=”pt-1″ equal_height=”yes” content_placement=”bottom”][vc_column][vc_column_text]One of the largest beef processors in the United States hired Brown & Brown to assist with their property insurance program. The customer was a complex risk for insurers due to having two unprotected processing facilities that each had total insurable property values of more than $1 billion and business interruption exposures equating to more than $1.5 million per day. Brown & Brown helped to build a property insurance program with more than twenty insurance markets to obtain sufficient capacity to provide an adequate loss limit.<\/p>\n

Given the nature of a layered\/shared property program, it was critical to designate a capable, independent loss adjusting firm. After a thorough search, Brown & Brown found a firm that demonstrated a rich background in food processing. Once the firm was engaged, Brown & Brown facilitated multiple meetings and an onsite tour with the local plant managers and engineers. The loss adjustment firm gained a unique understanding of the facility operations, local contractors and business objectives.<\/p>\n

Six months after adding the loss adjustment team to the program, a microburst significantly damaged the roof of a mission-critical box storage building that held valuable inventory. The loss adjustment team immediately responded so a temporary roof could be put in place and was promptly onsite working together with Brown & Brown and the customer\u2019s local team.[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ full_width=”stretch_row” equal_height=”yes” content_placement=”bottom” css=”.vc_custom_1638896243466{background-color: #eaeaec !important;}”][vc_column width=”1\/4″][vc_single_image image=”794″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n

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\n The Solution\n <\/h2>\n\t\n <\/div>[vc_column_text]<\/p>\n

A property insurance program with more than twenty insurance markets to obtain sufficient capacity to provide an adequate loss limit.<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=”pt-1″ full_width=”stretch_row” css=”.vc_custom_1638896256859{background-color: #eaeaec !important;}”][vc_column][vc_column_text]With a temporary solution in place, the issue of a full roof replacement remained. Roofing contractors estimated the entire roof replacement project would cause 30-45 days of downtime at the facility, leaving the customer exposed to a $50 million business interruption loss and risk of losing market share. The loss adjustment team understood the importance of eliminating downtime and worked with Brown & Brown to find a roof replacement solution that would not halt production. This solution eliminated additional downtime and mitigated the loss by more than $50 million.<\/p>\n

The establishment of the customer\/loss adjuster relationship resulted in the following positive impact:<\/p>\n