Discover the 5Es of our Easy Automated Business Interruption Claim Evaluation Program!
EXPERTISE
- Programs developed, executed and overseen by claim professionals with decades of experience in the evaluation of thousands of insured commercial losses for the insurance industry.
ELECTRONIC TRANSMISSION
- Emailing, text messaging, and mobile communication tools are utilized to expediate transmissions of data and information between the adjuster, the insured and our professionals.
EXPEDITIOUS RESULTS
- Reserve estimates, claim and loss calculation derived from electronically programmed formulas.
- Frees-up th adjuster's time to deal with multiple losses, especially valuable when dealing with "CAT" loses.
EFFICIENT
- Avoids duplication of initial claim reporting details by incorporating the adjuster's completed ACORD form.
- Quick response provided by contacting the insured (or their representative) directly to obtain preliminary financial information.
- Quick reserve estimate provided to the adjuster, usually within 48 hours of document response from the insured.
- Standarized reporting formats structured to accommodate specifics of each loss industry class.
- Scrutinization of post-loss continuing expenses for comparison to other claim expense categories to eliminate duplication. For example, debris removal paid under the property coverage, but also included as a continuing expense.
ECONOMICAL
- Pricing based upon industry class, gross anual revenue and suspension period.
- No need for an on-site inspection generally required by accounting personnel, and therefore no costly travel expenses.
- Prompts the insured to prepare and provide support for their claim as required by the coverage, which reduces the amount of time (and cost) by the claim evaluator and the adjuster.
- Timely! In the current cost-conscious environment, this electronically driven program will provide cost efficiency without sacrificing quality.