Six Top Claims in Workers’ Compensation

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

Workers 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:

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7 New Trends in Loss Prevention

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

Unnecessary 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.

Insured Involvement — Active Claim and Risk Management by the Insured

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

An 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.

The qualities of a great account manager in insurance claims management

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

An 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.