Loss Management; Procedures and Implementation


Arbitration
Determination of responsible parties for loss or damages
Scope and cost of damages assessment
Verification of and remarks on relevant cost projection
Warranty Claims
Verification of claim legitimacy
Determination of scope and appropriate measures
Determination of cause and responsibility
Negotiation with claimant and potentially involved subcontractors
Evaluation of potential claims to third parties or insurances
Determination of warranty cost coverage through existing insurance policy