It’s hard to make an accurate prediction of the outcome when a liability claim first comes to your attention. Some incidents resolve simply, while others do not. However, for organizations that delay the reporting of a claim to their insurer, the outcome is almost always worse than it otherwise could have been with prompt reporting.
The timing of a liability claim resulting from an alleged mistake, accident or injury is often inconvenient. But the importance of prompt claims reporting cannot be overstated. The longer you wait, the more difficult, costly and stressful it may be to resolve. Here is how early claim reporting can help minimize your exposure.
Why Every Day Counts When You Have a Claim
When an incident that could result in a legal liability claim happens, every day counts. […]