Sunday, April 10, 2016

By Frank Olson


The numbers of fraudulent insurance claims have increased at an astonishing rate. The targeted businesses lose a significantly high amount of money regarding the premiums they pay. The fraud targets both small and established businesses around the globe. The people who stage the accidents and file for claims stand to achieve monetary gain by blaming the insuring company. Sometimes, insurance firms tend to insure properties at a higher cost than the actual price. This tempts people to stage accidents and damage the property, and acquire the compensation. Implementing an effective strategy for eliminating Insurance Fraud Orange County CA should be the goal of businesses.

During the process of strategizing on strategies to employ in dealing with frauds, companies must carry out intensive research aimed at identifying the total amount of finances lost through frauds. The challenge that faces most businesses nowadays is the lack of ability to pinpoint frauds accurately since their artist specializes in making them subtle and hidden. Businesses where public and customers are allowed to enter like grocery stores, banks, and commercial retails should invest in sophisticated cameras as well as trained security personnel.

Claims of slip and fall are difficult to handle in a court of law. However, presence of security cameras can disapprove the fraud. Some businesses may fail to install cameras due to their expensive nature, but their cost is a non-issue compared to the time saved arguing in a court of law. In addition, the company saves a significant amount of money since the number of slip and fall frauds will significantly reduce.

The team of highly trained and knowledgeable security professionals should tour both inside and outside the business and monitor activity of customers. Presenting a witness and a clear video before a judge is an excellent strategy for disapproving claims. The owners should visit their records and prepare a report containing number of insurance frauds they have handled. The reports should include frauds they are expecting to handle in the future. Prior preparation is an import trick for dealing with swindles.

The findings of a survey conducted by the popular Insurance Research Council indicated that vehicles of companies are highly targeted by people with intention of staging automobile frauds. Installation of trackers in the vehicle and monitoring route followed by drivers is an effective method of minimizing such scams.

Business owners should prepare their business for fraudulent claims and invest some money for dealing with them accordingly. The frauds can tarnish the reputation of a business and affect the performance of its product. Strategies for dealing with the fraudulent claims must be implanted.

The artists that specialize in staging car accident are vulnerable with fact. Henceforth, companies should be equipped with facts. The trick is to gather as much evidence as possible by picturing the automobiles with special focus on the damage.

When vehicles of companies are involved in accidents, they are exposed to tow swindles. Some people may pretend to offer towing services free of charge while their intention is to charge inflated price. Therefore, owners should make a point of purchasing their own car haulers.




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