Gain Control and Reduce Claims Costs
posted by TrueNorth Risk Management on Wednesday, June 30, 2021
5 Key factors to help you transition to self-handling claims
Many companies opt to take control of risk by moving to a higher deductible or self-insured retention (SIR). With lower deductibles and higher premiums, a company does not have a seat at the table to negotiate claims. By moving to a higher deductible or SIR, you can gain control and reduce costs.
This transition can be complex, and internal preperation takes time. The transition should be made in phases so that it's tailored and timed to benefit everyone.
During our webinar we discussed fundamental steps to make the process more efficient and less burdensome including:
- How to collaborate with your insurance company & broker to build trust and ensure alignment
- Best practices to identify & implement internal responsibilites for your claims team
- Claims management platforms
- How to identify barriers before you begin to implement a new process
Click here to view the recording
About Author
In addition to helpful weekly guidance on home and auto, TrueNorth provides a number of insurance options to protect your family from risk. For information on a home or auto quote, visit www.iTrueNorth.com or call us at (319) 739-1277. We'd like nothing more than to help safeguard the things that matter most to you.
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