Key Takeaways:
Complexities of Third-Party Claims Management: Outsourcing claims management can introduce challenges such as maintaining consistency, ensuring compliance, and managing data security.
Common Challenges in...
Key Takeaways:
Importance of Effective Workplace Injury Management: A robust injury management process is crucial for minimizing costs, reducing liability risks, and maintaining employee morale.
Key Steps in Injury Management:...
Key Takeaways:
Immediate Response and Reporting: Prompt and accurate incident reporting is crucial for initiating the claims management process.
Thorough Investigation and Assessment: A detailed investigation helps determine...
Key Takeaways:
Importance of Effective Cargo Claims Management: Efficiently handling cargo claims is crucial for minimizing financial losses, maintaining client relationships, and protecting a business’s reputation.
Key Steps in...
Key Takeaways:
Specialized vs. General Approach: Freight claims management offers a tailored approach to transportation-related claims, while general claims handling has a broader scope.
Deep Industry Expertise: Freight claims...
Depreciation is the total decrease in an asset’s value over time based on several key factors which include the age of the equipment and its estimated useful life. Different insurance policies handle depreciation differently and it’s...
Have you ever found yourself in a position where your heavy equipment was repaired and the parts used were aftermarket? Has that label frightened you, and your first reaction is of the lost worth of your equipment due to the usage of...
Injuries are bound to happen in the workplace and cannot be prevented 100% of the time. However, it is important to understand the difference between a medical only and a lost time claim.
Transporting perishable cargo requires the shipper to understand the process and regulations surrounding the cargo. Perishable cargo should be handled with particular care. If damage occurs to the cargo during transport, determining...
What are they and how are they different?
Specialty equipment appraisals are unbiased assessments of the value of unique pieces of equipment, such as those used in manufacturing or farming. When involved in an accident specialty...
