Wood Industry
Turning a Crisis into a 17M Baht Success
📋 Situation
A major fire broke out at a large wood processing plant, causing extensive damage to raw material stocks, buildings, and machinery, severely impacting the business's production line and cash flow.
⚠️ The Challenge
The insurer initially offered only 15.6M THB, rejecting claims for specialized internal vehicles and failing to account for a 30-40% post-fire surge in raw material market prices.
🛠 What Benjamin Did
The Benjamin team took proactive measures by re-interpreting policy terms to validate specialized internal equipment coverage and using current market price data to secure a fair and accurate settlement.
✅ Results
Successfully secured a total settlement of 17.0M THB, an increase of 1.3M THB from the initial offer, providing the necessary capital for immediate business recovery and stock replacement.
💡 Key Learnings
Don't let rejected claims become a permanent loss. Having a consultant who knows how to "protect your interests" is the key to turning an unfair offer into the full compensation you deserve.
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