General Liability Claims Handling – Great Prairie Risk provides claims investigation, evaluation, reporting, negotiation and resolution by seasoned adjusters with years of experience in the real estate sector, but it doesn’t stop there. We have experienced trial attorneys that oversee the claims handling process. Our attorneys serve as Account Executives and develop strategies at the onset of the claims process in order to keep our clients’ overall cost of loss to a minimum.
Litigation Management – Great Prairie has distinguished itself in the industry with its litigation management services. Attorneys with decades of premises liability experience work on your behalf to create and implement effective and efficient defense strategies. We have saved our clients significant amounts by achieving settlements well below outside counsel estimates. We oversee and interact in the defense process to ensure that litigation is going as planned, without unnecessary billing and tasks being performed. We also attend mediations, court ordered conferences, pretrials and trials on behalf of our clients, when requested.
Attorney Invoice Review – Great Prairie Risk attorneys and paralegals implement outside counsel billing guidelines and review attorney invoices on a monthly basis, saving our clients significant amounts on the cost of litigation. The individuals involved in this process have actually billed time at law firms and know what are reasonable and acceptable tasks and time entries for those tasks. Other claims companies either do not have the ability to challenge time entries, or are uncomfortable doing so. This results in what is known as “rubber stamping” of fees and costs. This service is offered as part of our litigation management model, or offered as a stand- alone service to accommodate our clients’ needs.
Subrogation / Loss Recovery – Great Prairie Risk provides uncompromising loss recovery efforts when our clients’ property has been damaged or destroyed by third parties. Our dedicated subrogation team is able to recover funds for our clients when others cannot. The relationships our team has established within the insurance industry results in increased recoveries for our clients.
“Working with Great Prairie Risk has drastically increased our ability to quickly investigate and review incidents that occur at our sites so we can efficiently and effectively manage claims.”
Geoff F – Client
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OUR SERVICES
VALUE ADDED SERVICES
OUR CLIENT BASE
RMIS CAPABILITIES
APPROVED CARRIER LIST FOR TPA SERVICES
WHAT ARE THE COSTS ASSOCIATED WITH THESE SERVICES
Current Pricing Schedule
General Liability Claims Handling (pricing is for life of claim) | |
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Bodily Injury | $700 |
Property Damage | $500 |
Incident only | $125 (Negotiable) |
First Party Property Damage Claims (tracking of loss amounts without detuctible) | |
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Per Claim Fee | $500 |
Lump sum pricing is also available for allocation of
TPA fees along with premium at policy inception.
Runoff Claims Handling (pricing is for life of claim) | |
Per Claim Fee | Negotiable |
Litigation Management and Legal Invoice Review | |
Per Lawsuit fee | $200 (per month) |
Subrogation/Recovery on First Party Property Losses |
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Per claim (Tiered) Fee: |
20% of the first $100,000 recovered, plus |
18% of the next $150,000 recovered, plus |
15% of the remaining funds recovered |