Below is testimony I elicited from a Nationwide Insurance representative during a recent deposition:
Q. Are you familiar with Overhead and Profit?
Q. Okay. And when does Nationwide include overhead and profit in its estimates?
A. When it is reasonably necessary to assume that a general contractor is needed to facilitate the repairs.
Q. Okay. Now, going to the back of this estimate, it appears that Nationwide did not apply overhead and profit in terms of the estimate that It produced. Can you explain why Nationwide decided not to include overhead and profit on this estimate?
A. Can we – can I talk to counsel a second?
(A discussion between the attorneys was had wherein the witness was instructed to answer the question)
A. Okay. All right. It appears that we missed it.
A. Yeah There’s – there’s no reason why profit and overhead would not have been included on this estimate.