The goal of this paper is to assist the Risk Manager by providing a roadmap to more effectively plan and proactively deal with a major loss by using effective case-management techniques. An effective team requires strong leadership. Your ability to handle the loss properly will depend upon how quickly and efficiently you respond. Success starts with ensuring that the insurance contract meets the specific needs of the risk involved and is kept current.
Time is critical to effectively control and handle a loss.
Your selection should be limited to the fewest number of people who will be the most effective. Much of this information is available and may be obtained by contacting local government disaster coordinators. Consideration of this topic should be given to allow the early retention of appropriate experts. The key decision-makers must be available for instant contact. The dynamics at play on a third party hit take on a different flavor.