PRZOOM - /newswire/ -
London, United Kingdom, 2008/12/10 - Echelon Claims Consultants Ltd (Echelon), the international claims consultancy practice, advises businesses to ensure their insurance products are fit for purpose and are offering their Pre-Loss service to clients to stress test them in 2009.
Candy Holland, Managing Director, Echelon, says, "Whilst claims are said by many in the insurance industry to be the moment of truth, it's surprising what a low priority they take within some organisations. Most insurance products remain untested until a claim comes along, by which time it's too late to remedy errors or omissions".
Echelon's new website - focuses on helping different groups of professionals to understand the claims process in relation to their requirements. Claims can impact cross a number of business areas from finance and legal to risk management, operations and HR.
Candy Holland, continues, "As we enter what is clearly a more challenging financial climate, a large and complex insurance claim could have a huge impact on any business. As with many areas of insurance, information plays a vital role here - not only the information you need to provide to make sure the right policy is in place but also understanding what information will be required to ensure your claim is properly paid. Business professionals should be checking that they have the right insurance coverage by stress testing their policy wordings, conducting business interruption reviews, analyzing their ability to defend accident and injury claims and preparing effective claims handling protocols".
Echelon's international claims practice (echelonccl.com) is based in London, Singapore, Hong Kong and Australia. It is an international, multi-disciplined, claims consultancy practice, specialising in the resolution of large, complex and contentious claims across a broad range of industries. Claims experience is used to help companies' stress test insurance cover and improve their claims management processes.
• Claim evaluation and preparation;
• Claim presentation and negotiation;
• Advice on coverage and strategy;
• Dispute resolution;
• Litigation support;
• Claims audit;
• Pre-loss services.