Claims Administration
As risk managers we are aggressively involved in helping our clients achieve the lowest possible cost of loss. The ability to achieve this goal is directly related to our client’s level of commitment, throughout their organization, to the following process:
- Having and adhering to programs that stop loses from occurring.
- If and when a loss occurs, having and adhering to programs that mitigate the loss to the lowest cost possible.
- Having and adhering to programs that analyze the causes of claims and identify the necessary changes to keep future similar loses from reoccurring.
The second step in this process is the discipline of claims administration, whether it is a property, liability, workers’ compensation, or any other type of claim.