• About Auspice

Auspice Risk

~ Your outsourced risk management resource.

Auspice Risk

Category Archives: Risk Management

Six Important Reasons for Reporting a Claim Early

04 Wednesday Dec 2013

Posted by Girija Shaffer - Auspice Risk in Risk Management

≈ Leave a comment

Tags

Auspice Risk, Business, Claims, Girija Shaffer, Insurance, Workers Compensation

Denied ClaimIt is important to report all insurance claims promptly.  The ever rising cost of claims poses a serious threat for employers. However, following some simple strategies can reduce claims cost significantly. Early reporting of claims is considered as a wise business decision. The earlier an accident claim is reported, the lesser the claim cost is likely to be. In this article we will discuss the importance of promptly reporting claims.

Prompt reporting of claims is highly essential because it helps employers in the following ways—

Continue reading →

The Importance of the Initial Accident Investigation

27 Wednesday Nov 2013

Posted by Girija Shaffer - Auspice Risk in Risk Management

≈ Leave a comment

Tags

Accident, Accident analysis, Auspice Risk, Business, Girija Shaffer, Occupational safety and health, Safety Training, Technology

InjuryWork related accidents such as tissue damage, burns, trips, falls, fractures, loss of sight or loss of limbs can happen anywhere to anyone. However, such accidents can be prevented if proper measures are taken to eliminate dangerous work conditions prevalent in a workplace. Therefore, it is critical to investigate any and every accident occurring within the workplace.

An initial accident investigation is essential because—

Continue reading →

Six Top Claims in Workers’ Compensation

17 Thursday Oct 2013

Posted by Girija Shaffer - Auspice Risk in Risk Management

≈ 2 Comments

Tags

Auspice Risk, Claims, Claims Management, Girija Shaffer, Insurance, Occupational safety and health, Workers Compensation

Workers' CompWorkers Compensation Laws are introduced to ensure that if an employee gets injured while at work, he/she will receive a compensation for replacing medical costs and lost wages. Each and every state has its own Workers Compensation Laws and they offer several benefits such as—

  1. Medical benefits that include travel cost including medication, hospital stays, etc.
  2. If the injured employee is not in a position to return to his original field work, he/she is assigned in a different field.
  3. If the injured employee becomes disabled, temporarily or permanently, he gets paid time off work.

The most frequent workers compensation claims are as follows:

Continue reading →

How to Handle ROR letters from Insurance Companies

11 Friday Oct 2013

Posted by Girija Shaffer - Auspice Risk in Risk Management

≈ Leave a comment

Tags

Auspice Risk, Financial Services, Insurance, Insurance policy, Lawyer, Reservation of rights

Risk PuzzleROR letters, also known as reservation of rights letter can often be alarming and may leave you feeling distressed, angered or confused. In this article, we will explain how you should handle ROR letters from Insurance Companies.

A reservation of rights letter doesn’t signify that the insurance claim is not covered; however, it does indicate that there is some problem lurking over your insurance coverage. It implies that your insurer thinks that there might a strong reason to possibly can deny insurance coverage for a certain part of your insurance claim. It may take months for an insurer to know if the insurance coverage actually exists. Continue reading →

7 New Trends in Loss Prevention

02 Wednesday Oct 2013

Posted by Girija Shaffer - Auspice Risk in Risk Management

≈ Leave a comment

Tags

Auspice Risk, Business, Claims, Claims Management, Crime, Loss Prevention, Organization, Retail loss prevention, Risk management

Loss PreventionUnnecessary losses automatically inflate costs. In order to keep an organization’s expenses competitive, it is critical to measure and mitigate risks in order to trim down the frequency of accidents.  Therefore, a long-lasting and efficiently communicated loss prevention program is crucial for risk mitigation.  Loss prevention indicates the identification, analysis and implementation of various techniques required for handling loss and other emergency situations.  Such steps help you diminish the chances of unanticipated losses such as thefts, injuries and damages caused by natural disasters like earthquakes or storms.

In this article we will shed light on some of the latest trends in loss prevention. Continue reading →

The Value of Outsourcing

24 Wednesday Jul 2013

Posted by Girija Shaffer - Auspice Risk in Risk Management

≈ 1 Comment

Tags

Auspice Risk, Business, Business Services, Company, Girija Shaffer, Human resources, Management, Outsourcing, Risk management

OutsourcingAs you evaluate your choice to outsource various components of your operations, you will need to consider the advantages of outsourcing. Outsourcing actually helps your company to grow and save money. There are other advantages of outsourcing that go beyond money though.

Here are the top seven advantages of outsourcing.

Continue reading →

The Power of Customizing Effective Loss Control Strategies

28 Friday Jun 2013

Posted by Girija Shaffer - Auspice Risk in Risk Management

≈ Leave a comment

Tags

Business, Girija Shaffer, Insurance, Risk management

LossWhen losses strike with unnecessary frequency or brutality, it increases an organization’s cost. To keep costs competitive, it is crucial to minimize the severity and the frequency of accidents through a concrete foundation of loss control. This involves analyzing and identifying ways in which you may be found accountable and develop executable procedures to handle the exposures. Continue reading →

Insured Involvement — Active Claim and Risk Management by the Insured

18 Tuesday Jun 2013

Posted by Girija Shaffer - Auspice Risk in Risk Management

≈ Leave a comment

Tags

Auspice, Business, Claims, Claims Management, Insurance, Insurance policy, Risk management

Insurance FloodAn insurance claim can arise from any number of events – from coverage of damage by water to damage of an insured’s house by fire. Insurance policies are like one-way contracts; the insurer is the lone person making a binding legal promise. Then again, for a policy holder to acquire the reimbursement of his/her policy and for the policy to be constantly renewed, there are certain necessities that he/she needs to carry out. If the insurance company discovers irresponsibility, in any way that could increase the chances of risk in a claim, it may consider discontinuing the insurance coverage. Continue reading →

The qualities of a great account manager in insurance claims management

12 Wednesday Jun 2013

Posted by Girija Shaffer - Auspice Risk in Risk Management

≈ Leave a comment

Tags

Account manager, Auspice, Business, Claims, Claims Management, Insurance, Management

Insurance ClaimsAn account manager executes various duties which are projected in managing his/her employer’s client relationship and developing new business from the present clients. Every industry appoints account managers to maintain the firm’s as well as the client accounts. The responsibility of an account manager differs depending on the type of business. However, the main objective of an account manager is to continue the company’s relation with its existing clients, in order that they persist to maintain business with the company. He/she also identifies prospective new clients and business prospects and persuades them to set business with his/her company. Continue reading →

The Importance of Pre Loss Prevention and Post Claims Management

31 Friday May 2013

Posted by Girija Shaffer - Auspice Risk in Risk Management

≈ 2 Comments

Tags

Business, Insurance, Management, Management consulting, Program management, Risk management, Risk Management Program

Claim ManagementIt is important for insurance companies to develop an effective risk-management program and opt for tailored risk solutions so they are able to handle crisis situations with ease. Claims, underwriting and loss prevention all need to work together, therefore, having someone who can implement loss prevention techniques specific to an industry and work closely with a claims team to aggressively manage claims after they occur will helps minimize the loss. Thus, the requirement of a Risk Management Program is essential for insurance program managers. Continue reading →

← Older posts

Enter your email address to follow this blog and receive notifications of new posts by email.

Past Articles

  • December 2013
  • November 2013
  • October 2013
  • July 2013
  • June 2013
  • May 2013

Connect with Auspice

319 Lea Drive
West Chester PA, 19382
484-467-1963
contact@auspicerisk.com

Join us on Facebok!

Join us on Facebok!

Create a free website or blog at WordPress.com.

Cancel
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy