Gulfshore Insurance > Gulfshore Blog > Claims Management

water-damageDid you know that water damage is one of the most commonly cited claims on home insurance? This should not come as a total surprise considering the many possible causes of water damage – heavy rain, bursting of pipes, and the bathtub accidentally overflowing. After making sure that you and those you live with are safely out of harm’s way, here are five important steps you should take if you experience water damage in your home. Read more

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Big changes are coming to the NCCI’s Workers Compensation Experience Modification Rate (EMR). Effective January 1, 2013, Florida business will see a change in the way past workers’ compensation claims impact their EMR and future premiums…. Read more

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APL + B + (W x AEL) + (1-W) x EEL =EMR
EPL + B + (W x EEL) + (1-W) x EEL

This equation isn’t too scary, is it? Certainly not scary if you know what all the abbreviations mean. Here, let’s see if this helps… Read more

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A benchmarking analysis is one of the most beneficial tools for evaluating operational efficiencies, yet it is significantly underutilized. Wikipedia has a nice formal definition of benchmarking, but here is the gist:

“(Benchmarking) is a process used in management and particularly strategic management, in which organizations evaluate various aspects of their processes in relation to best practice companies’ processes, usually within a peer group defined for the purposes of comparison. This then allows organizations to develop plans on how to make improvements or adapt specific best practices, usually with the aim of increasing some aspect of performance. Benchmarking may be a one-off event, but is often treated as a continuous process in which organizations continually seek to improve their practices.” Read more

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Gulfshore Insurance, along with our carrier partners, works closely with clients to implement risk control activities that prevent the occurrence of accidents and injuries. However, with all the prevention in the world, it doesn’t ever completely stop accidents from happening. When faced with a Workers Compensation (WC) claim, it is important to keep in mind one critical recommendation: Pay Attention to Indemnity Payments! … Read more

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