What You Should Know About Shipping Claims

Most people do not want to think about what will happen to their things, so not many will know how to submit an insurance claim when something goes wrong. Shipping claims are those submitted to an insurance company because of something that happened during the shipping process. For example, if your item arrives broken, and you had insurance, then you can file a claim with the insurance company for the cost of replacement. The specifics of submitting your claim will depend on which insurance company you are working with, many will allow you to submit claims online or from a mobile device.
Have the Right Insurance

The shipping claims filing process will be very different depending on which insurance company you have. For instance, not every company will allow you to file claims online. Your insurance policy may also not cover everything that you may need to claim, so your first step is going to be to make sure that you have the right insurance. It is not really possible to think of everything which may happen to a package as it is shipped, but this is why you work with an experienced agent and insurance company. You can usually find a list of things which are covered by each plan online so that you can compare policies side-by-side before purchase. The biggest question you are likely to need to answer will be whether this is a one-time policy or an ongoing business relationship.

Know Who to Call

The best time to know how to file a claim with your insurance company is before you need to file it. This means determining how to file claims and who to contact with questions as soon as you purchase your plan. You can usually find this information online and some companies will even have an easy online claims form to help you get started when you need it. You can also narrow down your choice in insurance company by how well past customers rate the claims service. For instance, if you read a series of reviews saying that customers have a hard time finding answers to their questions, then you know that you might want to try a different company. The most important part of purchasing insurance is knowing how to get ahold of the company if you have questions or concerns, or if you need to file a claim. Luckily, more and more companies are putting that information prominently online and may even have forms on their websites to apply for coverage and file claims.

Submitting shipping claims to your package insurance company can sometimes be a hassle. However, some companies are putting forms to do this online. This means that you can more quickly submit a claim and not have to wait until normal business hours to do so. It also means that you can use this feature to compare insurance companies before you purchase a plan. It is a good idea to know who to call with questions and concerns, as well as how a claim needs to be filed, before you purchase a plan.

Increase Operations Efficiency in the Insurance Industry

After the economic challenges of the past decade, many companies are looking to streamline processes but are often not reaching their expected savings or fully commit to their proposed changes.

Operational efficiency is integral to maintaining profitability in a volatile market and economic climate, but it also responds to increased calls for transparency and faster access to important information. As communications become more dependent on the Internet over in-person calls, operational efficiency can also help companies meet their clients where they are at: online and researching their next major purchases.

Today’s insurance consultants strive to make insurance companies more profitable and agile, here’s how to do this with employee and operations management.

Four Effective Ways to Manage Your Employees
Operational efficiency starts with your employees. That makes operational management dependent on how you manage your employees. The right management can encourage your staff, get them better equipped for change and increase your profitability.

Encourage idea management: Your staff are your most knowledgeable and immediate resource into your business’ ins and outs. The best ideas will often come from your own staff. Working to ensure that your employees feel comfortable and encouraged to bring their ideas forward is a key to modern success, a strategy that has led to important changes in organizations like Toyota and GE.

Prioritize motivation and engagement: Employees who feel heard and engaged often show a 15-20 per cent increase in performance. So how do you engage employees? Focus on motivation, incentive programs and, of course, clear and open communication.

Incentivize your staff with fair and motivating rewards: Monetary compensation is just one way in which you can motivate your employees, but never underestimate the power of a pizza party and mentions of success in the company newsletter. These are often more cost effective and always appreciated by your team.

Change cost allocation: Flat, equal cost distribution is one of the least effective ways to improve operations, yet it is still a popular strategy. Instead, allocate costs based on consumption. It encourages people to use the resources in the organization and it saves money on expensive third-party solutions.

Four Ways to Achieve the Most Productive Organizational Structure
Look for inside hires: It pays to bring in an outside perspective, but always promoting from without instead of from within the company will leave your team feeling like they need to go elsewhere to grow. Growing leaders in-house and taking the time to mentor promising employees can help you retain valuable assets just when they may look to move, and will save you on hiring a more expensive expert from outside.

Streamline compensation: What people earn is quickly becoming more common knowledge and, with it, tensions around compensation. By streamlining your levels of compensation, you can ensure equal pay for equal work while rewarding those who deserve more for their efforts.

Reduce management layers: Modern businesses need to be flexible, agile and quick to respond to change. Having multiple levels of management can lead to the opposite: bureaucratic inefficiencies and communication structures that lose vital information. By reducing levels of management, you can increase your efficiency and better plan for those quick changes.

Get the right number of people: Too few or too many employees both present problems. One will burn out your staff, increase turnover and lead to operational “bottlenecks.” Too many employees unnecessarily increases costs while insufficiently leveraging your collected talent. This is where operations, contact centre and back-office benchmarks can drive operational efficiency.

The Assessments & Benchmarks Insurance Companies Need
If you are curious about how your company is operating and want to understand how to better streamline your operation, The Burnie Group has may assessments and benchmarks that can help your organization run better. They are even available across multiple channels, including:

Call/phone (including IVR)
Online (including chat and bots)
Mobile
Branch
Insurance benchmarks and assessments are also available across different business lines, such as:

P&C insurance
Individual life insurance
Group life insurance
Retirement
Investments
Insurance benchmarks and assessments can also help across different functions, including:

Sales
Services
Claims
Complaints
Loyalty and retention
Shared services (e.g. Workforce management)
Contact The Burnie Group today to learn more about how to drive operational efficiencies in your company to achieve better profit, happier employees, and streamlined process.

Choosing the Right Insurance Company for You

There are a lot of insurance companies, so choosing between them can be quite challenging. Here are the main points to keep in mind when selecting an insurance company:
Licensing
Not all companies are licensed to operate in each state. In general, you should buy from a company licensed in your state, since you can rely on your state insurance department to help if there’s any problem.

Price
Prices vary greatly from one company to another, so it really is worthwhile to shop around. Get at least three price quotes from companies, agents and the Internet. Your state insurance department may publish a guide that shows what insurers charge for different policies in various regions in your state.

Financial Solidity
You buy insurance to protect yourself financially and provide peace of mind. Choose a company that is likely to be financially sound by using ratings from independent rating agencies.

Service
Your insurance company and its representatives should be able to answer your questions and handle your claims fairly, efficiently and quickly. Talking to other customers who have used a particular company or agent is helpful to that end. You may also want to check a national claims database to see what complaints a company has. Also, your state insurance department will be able to tell you if the insurance company you want to do business with had many consumer complaints about its service relative to the number of policies it sold.

Comfort
You should feel comfortable with your insurance, whether you get it from a local agent, directly from an insurance company, or over the Internet. Make sure that the agent or company can be reached easily if you have a question or need to file a claim.