Claim Confidence Kit

People in a meeting.Did you know that nearly 54,000 non-construction laborers were injured or suffered workplace related illness in 2011 according to the U.S. department of Labor. Despite statistics such as this one people don’t think it can happen to them but accidents are fairly common and the best way to manage situations such as these is to be prepared. A lot of people get lost in what is covered, what isn’t covered, and under what conditions.

Policies can be confusing and it is common to purchase a policy and then “forget about it.” Three things can that help deal with an auto, home or workplace accident are understanding the policy, having the right tools on hand, and knowing the steps to take immediately following an accident. If the proper steps are not taken or the details of the policy are not known then this can make it more difficult for the policyholder and the insurance company. This can lead to a long difficult road to getting everything squared away.

As an independent insurance agency it is our job to provide guidance on how to safeguard your business from accidents and understanding that they can occur. It is also our job on to prepare you in order to minimize their negative effects.  Our “Insurance Confidence Kit” helps you evaluate your policies, prepare yourself, and your business with the right tools and take smart steps should an accident occur.

By: Niklas Almström, Insurance Advisors

Download our “Insurance Confidence Kit
Free Insurance Claim Confidence Kit

Prepare Yourself For A Claim

Preparing for an insurance claim.

People meeting in a business casual setting at a round table.As always, it is important to be familiar with your policy and our job is to help make your policy clear to you and to make sure you have the right coverage for your situation. A basic understanding of the four main areas of a typical insurance policy is the first step in understanding and preparing for the claims process; they are the declaration page, the insuring agreement, exclusions, and conditions.

The Declaration page:

Is usually the first part of an insurance policy. It identifies who is an insured, what risks or property are covered, the policy limits, and the policy period.

The Insuring Agreement:

Summarizes the major promises of the insurance company, as well as stating what is covered. In the Insuring Agreement the insurer agrees to do certain things such as paying losses for covered perils, providing certain services, or agreeing to defend the insured in a liability lawsuit.

The Exclusions:

Take coverage away from the Insuring Agreement, three major types are excluded perils or causes of loss, excluded losses, and excluded property.

The Conditions:

Are provisions inserted in the policy that qualify or place limitations on the insurer’s promise to pay or perform; if the policy conditions are not met the insurer can deny the claim.

Determining liability for an accident or injury can be complicated, but often rests on whether someone was careless or negligent. It is easy enough to say that the person or business that caused an accident must pay the injuries. But before you get to that point, it must be determined who was legally at fault. Most accidents happen because someone was careless. The basic rule is: If one person involved in an accident was less careful than another, the less careful one must pay for at least a portion of the damages suffered by the more careful one. We have created a practical guide that can help you familiarize yourself with insurance policy basics, and of what you can expect from a claims process. It’s all in our “The Claims Process 101” and it’s available to download for free.

By: Niklas Almström, Insurance Advisors