Leading the world in innovative life-changing vision and eye care products, this global supplier and manufacturer of contact lenses required an insurance valuation of its productions sites globally. This was relatively extensive due to the company’s expanded portfolio of locations.
Utilising the various Fixed Asset Register provided by each site, we built upon this information to inspect the sites. The objective was to fully understand the production process, and the nature of any bespoke machinery and explore the site as a whole. From this using trends specific to the assets, the Replacement Cost for each individual asset was ascertained and amalgamated.
Compiling this information, led to a consolidated report of the true assets within the business and their overall worth. As a result, the company’s Insurance team were able to see the scale and scope of the assets and ensure this was reflected in their latest insurance policy.