The Importance of Prompt Claims Reporting

No one wants to file an insurance claim, but if an accident does happen, prompt reporting is crucial to recouping your losses quickly and efficiently.

  • Prompt reporting provides an opportunity for claims professionals to offer suggestions that may help reduce your loss.
  • Immediate investigation into a loss greatly assists your claims professional in seeking reimbursement of your deductible when others are at fault.
  • In cases were subrogation possibilities exist, prompt reporting provides ample opportunity to examine evidence before it is destroyed.
  • Prompt notification means your repairs will be completed sooner.
  • In times of widespread damage it is always beneficial to start the process right away so you can get back to business quickly.
  • Notification of questionable injuries on your property allows your claims professional to conduct a thorough investigation to perhaps curtail frivolous claims.
  • When you’re at fault for a loss, prompt reporting may help the injured party’s impression of you and your reputation remains high.
  • Prompt notice can help reduce anxiety after an event and serve as a source of information.
  • In workers compensation cases, prompt reporting allows your claims professional to contact the injured worker promptly – answering questions and concerns, ultimately putting your employee at ease.
  • In cases where an injured employee is missing time from work, prompt reporting allows your claims professional to work directly with the doctor to get your employee back on the job in some capacity. The longer a person is off of work, the harder it is to get them back to work.
  • Early notice can help ensure that all of your policy benefits are available to you.
  • The sooner a loss is reported, the quicker your claims professional can help you control expenses that might exceed your policy coverages.

Society has helped businesses overcome industry-specific challenges for decades and our experienced staff possesses the skills necessary to manage your losses quickly and thoroughly, saving you both time and money.

Not sure what to do when an accident occurs? Learn more about Property Casualty Claims and Workers Compensation Claims.

Author

As a mutual insurance company, we operate and exist for the benefit of our policyholders. For more than 100 years, Society has been helping businesses overcome the unexpected with comprehensive coverage packages and outstanding claims handling, underwriting and risk management.

Latest Articles

What To Know About Baffle Filters in Your Commercial Kitchen

Did you know that grease-producing kitchen cooking appliances must have UL-listed baffle filters...

Seven Essential Questions to Ask An Insurance Agent

Every industry comes with its own unique set of challenges when it comes to insurance, and the...

Five Examples of How to Start a Continuing Education Program

Continuing education (CE) comes in many different forms, depending on the industry. But one thing...

5 Meaningful Benefits to Attract Quality Employees

It’s no secret that the role benefits play in attracting quality employees is growing. Benefits...

HOW TO PREVENT CRIMES IN RESTAURANTS AND BARS

Restaurants and bars are often targets for robbery, burglary and theft. These businesses can ...

Why You Should Inspect Your Restaurant’s Seating

 Ensuring your restaurant seating is solid and safe is an often overlooked aspect of owning a...

Five of the Most Common Workplace Injuries for Young Workers

Young or newly hired employees are getting injured more often than older, more experienced...

How to File an Insurance Claim & What to Expect

In the event that somebody is injured or property gets damaged, it is of utmost importance to...

4 Ways to Improve Remote Offices

Remote work, also known as ‘work from home’ or telecommuting, has become increasingly...

Best Practices For Employee Chemical Protection in the Workplace

Safety in the workplace should be a top priority for every business. Concerns such as electrical...

Stay up to date with industry updates by subscribing to the Society Insurance blog!