Maximizing Loss Recovery Returns
Our loss recovery process is designed to get you maximum returns and get them quickly. Some of the techniques we use to accomplish this include:
Subrogation Recovery Starts Immediately.
We get a jump start on recovery by beginning the process before repairs are complete. This allows CEI to return recovered dollars to you quickly. Since we also manage the repair process, continued updates on costs and loss of use information is readily available to our teams. In fact, 90% of loss recovery is returned to our clients within 60 days!
Expedite Identification of At-Fault Party
We gather information quickly and then discuss our findings with our client’s insurance carrier to identify the percentage of liability attributable to the third-party. The data we examine includes:
- Police reports
- Examination of the damage to the fleet vehicle
- Statements gathered by our FNOL call center
- Public data sets, such as local weather reports
- Accident reconstruction data available through our mobile solution, DriverCare CoPilot
Completing this process quickly shortens the timeframe for recovery.
Pursuing Maximum Returns
CEI pursues more cost components for more claims and against more third parties than the average loss recovery provider pursues. Though the industry, on average, pursues only 3% of claims with comparative negligence, CEI pursues 100% of these claims where permitted by state insurance regulation.
More Cost Components Pursued
There are several components of costs for our clients when their vehicle is out of commission due to an accident. CEI attempts recovery for all of these. While some loss recovery providers stop at bent metal repairs, rental, and diminished value, CEI continues to pursue recovery in CEI’s experience shows that the value of your vehicle can be quantified in different ways. If your current provider isn’t pursuing five different types of recovery, please contact us and find out what you might be missing two additional areas of employer costs. For bent metal alone, we recovery nearly 90% of all moneys demanded.
Low Dollar Claims
CEI pursues recovery on low dollar claims which may fall below the threshold for pursuit by other service providers. Because these low severity claims represent the largest number of claims, collectively they present a significant recovery opportunity for you. CEI doesn’t leave this money on the table.