Benefits of multiline integration with one carrier

January 23, 2006

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The cost of risk includes the price of the policy, as well as indirect factors, which often exceed direct costs across all lines of insurance.

Lost productivity factors include:

  • Time lost from work by injured or ill employees.

  • Loss in efficiency from a crew break-up.
  • Time damaged equipment is out of service.
  • Cost of lost business opportunities.
  • Cost of media response and control.
  • Disruption of usual business operations and relationships.
  • Loss in corporate earning power.
  • Cost of training a new worker.
  • Legal expenses.
  • Cost of internal investigations.
  • Recovery/restoration of brand or reputation.
  • Time lost in defense of, or contesting, claims.

    • From This Issue

    Insurance Journal West December 6, 2010
    January 23, 2006
    Insurance Journal West Magazine

    2006 Excess, Surplus and Specialty Markets Directory, Vol. I

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