Scope of Work
- Major claims advocacy
- Incident reporting services
- First notice of loss intake and triage
- Claims reporting and analysis
- Incident and loss prevention recommendations
Background: Following an extreme weather event that caused substantial property damage, our client submitted a claim to their insurance company. The insurance carrier established a $100,000 flood deductible associated with the loss.
Solution: Corporate Protection Group reviewed the incident details, policy language, and presented a case suggesting that the applicable deductible should have been $25,000 instead of $100,000 based on policy language. Working closely with the adjuster on this claim, we advocated for our client to reduce the deductible.
Outcome: Based on our arguments presented, the carrier reversed their decision. The application of the lower deductible resulted in an additional payment of $75,000 for our client.
Benefits to our clients
Increase Control of Outcome
Have an experienced insurance professional advocating on your behalf throughout the claims process to ensure the most favourable claims settlement.
Reduce Claims Handling Expenses
Streamline and automate the claims reporting process, reducing your time involvement, the potential for human error, and costs associated with managing claims.
Expedite Claims Payments
Obtain claims reimbursements quicker and reduce the risk of long delays in payment or claim denials due to lack of information or documentation.
Leverage Claims Data
Utilize incident and claims trends to drive strategic decisions around risk management, deductible levels, self-insured retentions, or pursue captive opportunities.