- within Corporate/Commercial Law topic(s)
- in United States
- with readers working within the Healthcare industries
- within Corporate/Commercial Law, Employment and HR and Transport topic(s)
Why It Matters
Quick claims handling isn't just good service. It's financial survival, especially with deductibles and retentions on the line. The faster your company can settle a matter, the less expensive it likely will be.
By the Numbers
- 85% of auto bodily injury claims get attorney representation within 14 days, per recent study
- $2.5 billion spent by billboard attorneys on 26.9 million ads
- 71% of claimants say attorneys pushed for additional medical treatment
- 25% of claimants' say attorneys were "primarily responsible" for setting their treatment plan
The Bottom Line
Claims costs are skyrocketing while companies hemorrhage money on "cost of defense" payments, even for "no liability/no damage" claims.
The Fix
Speed wins everything:
- Evaluate immediately when at fault
- Get adjusters to claimants with checks in hand
- Fix their cars and provide rentals fast
- Report claims instantly
Reality check: Nothing drives claimants to attorneys faster than slow property damage response.
Call your claims adjuster or insurance broker today. Ask these critical questions:
- What happens when an accident occurs tomorrow?
- Can we deploy an independent adjuster to visit claimants immediately?
- Do they have settlement authority?
- How fast can we address car damage?
- What's our rental car process?
The Big Picture
You must have a plan. Today.
In claims management, hesitation is expensive. Act first, save later.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.