Product Update

Filing Claims Discussed in Construction Risk Management


This release of Construction Risk Management updates the filing claims discussion.

No contractor likes to think about having a claim, much less filing one. Contractors have much to lose from claims that are mishandled or mismanaged at the reporting stage. Conversely, they have much to gain by taking an active role, both in filing a claim and, subsequently, in helping see it through to final resolution. Far from being passive bystanders, contractors can, with a few simple steps, improve their odds of maximizing coverage and minimizing costs. Evaluating and properly adjusting claims is a team effort, and a sense of partnership with the insurer will go far toward maximizing recovery on first-party losses or minimizing payments and costs on third-party matters. Some common sense steps in filing claims can avoid a great deal of frustration, headache, and wasted money when reporting losses.

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