The current time we’re living in is anything but predictable. Some companies started to fall apart, while others moved their businesses into houses.
Great losses and challenges, both physical and mental, are something everyone is fighting with. This makes us stressed out over the future.
Once this all ends, companies and insurers (to name a few) will be faced with some great changes in their business and are already preparing for COVID-19 related lawsuits and claims.
What can we expect?
A lot of people lost their job, so it led to a turnaround in the businesses – over 3 million claims for unemployment have been filed in just the first week!
Because of the stay-at-home parole, there have never been fewer people out in the streets and their cars. The consequence is fewer car accidents, and thus fewer claims related to driving without insurance.
This is a good thing, but be aware that the uptick is about to come once it all gets back to normal!
Coronavirus victims are suing any company that has anything to do with their infection, which is already impacting businesses all over the world.
Not only individuals, but the companies started to file claims too, mostly ones connected to the interruption of their business. As they suffered great income losses, they want their insurers to repay the loss and damage.
How to manage all the claims that are about to come?
There can’t be a specific prediction for the number of claims your company is yet to receive.
Fortunately, you can prepare your employees for multiple scenarios, just to be sure you’re not going to be overwhelmed with the amount of work.
The employees
Your employees have the crucial role, as they are going to be the ones filing claims.
Administration part needs to be done precisely – you’re going to need to invest almost two weeks to interview every worker with a complaint and wish to file a claim.
Be patient and make sure your employees are satisfied!
Create new programs
The price of having lots of employees out of work due to illness is very big. Especially nowadays, when a whole group of people get sick at the same time.
Recovery can last for a very long time, which is anything but profitable for the business. This is why you can create some new programs and give them nonprofit businesses, which can help them in returning to their usual job faster.
Fraud discovery
We all like to think that all of our employees are fair and honest, and the majority probably is. But, you have to be aware of the fact that some people, unfortunately, always try to take advantage of the situation.
This is why you need to be on the lookout – carefully examine all the claims you get and see if there’s any suspicion for fraud.
Focus on the future!
If you have any problems with your business, if you don’t completely understand the law behind it or if you’re just interested in strengthening your company, contact Optimal Solicitors in Manchester and resolve all of your questions!
