X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

From private businesses to global corporations, there is an age-old dilemma when it comes to managing large or complex business enterprises. What approach — centralized or decentralized — provides the best outcome and optimal cost savings?

The struggle regarding this question is seen even in workers’ compensation programs. Busy employers, stretched ever thinner in today’s marketplace, want the cost and operational efficiencies touted by a centralized approach to claims. The thought is that a single point of contact and a centralized location will be more cost-effective, and ultimately save the employer and internal staff time and money. The flip side is the argument that a decentralized approach provides better jurisdictional knowledge and market flexibility while enhancing the ability to target and address problematic claims.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.