Added value in valuations

Unexpected events always have unforeseen consequences. Though it could be argued that snow could be quite reasonably be expected to fall in winter, an event such as the huge Buncefield fire – Europe’s biggest – meant disaster for numerous businesses. Of course, we would hope that most, if not all of the affected firms, were insured making the financial ‘hit’ a little easier to bear. However, insurance is only as good as the valuation placed on the assets covered in the policy. All too often an unexpected disaster suddenly brings home deficiencies in the valuation process or results. For...