From Risk to Profit: Benchmarking and Claims Studies
SPECIAL UPDATE: This valuable benchmarking resource has been updated with claims data through 2010. See what the latest trends are in terms of claims activity.
This guide offers risk management guidance, claims figures, and claims scenarios broken down into such categories as client, project, contractor, consultants, and contracts, among others.
Understanding the Claims Process
This resource is a general guide to the typical CNA claims handling process.
Professionals who have had a lawsuit filed against them say that they would have been less anxious if they had known more about what to expect during the claims handling process. By familiarizing yourself with the sequence of events in a typical claim, you can reduce the common feeling of being caught in a confusing process.
For additional information on defending a claim, please see our publication on selection of counsel.
Online Benchmarking Study
SPECIAL UPDATE: This valuable benchmarking resource has been updated with claims data through 2010. See what the latest trends are in terms of claims activity.
We've broken down the data of this online study into four main groups:
- General claims information covering deductibles, limits, and frequency of claims;
- Large Firms;
- Premier Firms; and
- Small Firms.
Within each billing and discipline category, we analyzed claims data by region, the project types that generated the highest frequency (claims reported) and severity (dollars spent), and claimant identification.
General Claims/Benchmarking Information
Large Firm Claims Groups (annual billings above $5 million)
Premier Firm Claims Groups (annual billings between $500,000 and $5 million)
Small Firm Claims Groups (annual billings less than $500,000)