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Claims Management

At DIB, we fully understand how claims increase premiums and how vital it is to properly monitor all claims due to how this impacts the bottom line.

Workers’ compensation and liability claims costs include the amount actually paid as well as an estimate of what will be paid on pending open claims -- any claims not yet closed through settlement or litigation.

The estimate, which is made by an adjuster, is called a case reserve and the total amount of the reserve is included in incurred losses -- paid claims, plus case reserves. Incurred losses are given to competing insurers who quote on this type of business. They calculate workers’ compensation experience rating mods which are used to calculate premiums under standard retrospective rating plans.

Estimated case reserves have a significant effect on your premiums and any over-reserving by an insurer will deliver undeserved, often unrecoverable, premium increases.


Premium costs can be controlled by monitoring and negotiating reserves. DIB will conduct periodic loss reports for all lines of active coverage. This information is invaluable in analyzing safety and risk-control programs, in verifying the accuracy of experience- and retrospective-rating calculations as well as obtaining quotations from competing insurance companies.



About DIB

Our goal is to protect you, your company and future owners. As you know, it’s about coverage first then obtaining the most competitive costs in the marketplace. As your broker, we will negotiate the best coverage with competitive pricing by negotiating directly with the carriers or with our wholesale partners.

we believe that if our clients are successful and we help add value to your bottom line then we have accomplished my goal.  Read More...