Benefits of multiline integration with one carrier

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.

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January 23, 2006
Insurance Journal Magazine