By effectively managing claim costs, you may be better positioned to reduce your exposure, increase profits, and become more competitive. Our Claim Services can help you reduce your claim costs and increase value regardless of whether the companies are self-insured or insured through a traditional insurance program.
TSIB’s Claim Services team has a wealth of experience evaluating and managing all manner of property-casualty claim exposures, for the construction industry and other industries:
- Workers’ Compensation
- General Liability
- Auto Liability
- Professional Liability
- Excess/Umbrella Liability
- Pollution Liability
- Builder’s Risk
This experience comes from working with organizations with claim issues related to ongoing and discontinued (re)insurance programs, third-party claims administration, captive facilities, mergers and acquisitions, regulatory compliance, and other situations where the goal has been to reduce exposure to risk and increase value.
TSIB’s Claims Services regularly works with actuaries, accountants, and other professionals involved in evaluating a company’s claim liabilities, insurance receivables, and claim processes and controls for financial reporting, transaction due diligence, dispute resolution, and other purposes. We help the company’s advisors to understand its claim exposures, assess potential insurance recoveries, and identify claim process control issues.
Claims Services Include:
- Policy contract review & analysis
- Insurance cost recovery evaluation
- Dispute resolution support
- Expert witness testimony
- Claim program design & implementation
- Third-party administrator selection & assessment
- Claim process reviews
- Claim strategy & case reserve reviews
- Claims cost control strategy
- Insurer & re-insurer audits
- Transactional due diligence
TSIB can help your company by providing you with claims best practices.
Our Proactive Claim Management Philosophy is:
- Commitment to best practices
- Educating our clients
- Aggressive “out of the box” advocacy
- Relationship building with vendors & carriers
- Meaningful stewardship
- Crisis Preparedness
When your company is constantly reacting to claims, you cannot focus on growing the bottom line. However, having a Broker that provides a proactive approach to Claim Management allows your company to profit and focus on the future.