Claims Management & Accident Investigation
One of the most misunderstood and complicated areas for any organization is Claims Management. Unfortunately, most companies realize this only after they’ve had a seemingly simple claim turn into a major financial burden due to mishandling.
At The ALS Group we provide our clients with customized, innovative claims support and advisory, as well as solutions across a broad spectrum of insurable and non-insurable risks, which allows us to help our clients to reduce claims costs.
The ALS Group has the experience and expertise necessary to provide your organization with a strategic way of handling claims, which will help substantially reduce your Total Cost of Risk (TCoR). Some of the key claim areas we focus on include:
- Workers Compensation
- General Liability
- Complex Products Liability
- Automobile Liability
- Excess Casualty
- Directors and Officers Liability Claims
Managing human capital risk can be challenging for any size organization and requires a clear and consistent approach.
We will work with your organization to create a customized claims management program tailored to your needs. This program will provide senior leadership with the thorough understanding of their unique situation by addressing the following issues:
- Frequency of claims, including the average length of open claims vs. number of claims being reported on a monthly, quarterly and annual basis
- The severity of these claims and the impact they have on your organization
The effectiveness of your current claims management program including:
- Reserve trends
- Quantifying losses
- Accuracy of insurance losses being reported
- Managing legacy claims
- Identifying any breakdown in the process
The developing hard market for Workers Compensation has companies struggling to keep their renewal premiums from skyrocketing and proper claims management can have a significant impact on your premiums.
Even the smallest of claims can, if not managed properly from the beginning, end up costing your company thousands of dollars.
