• Fee for Service or Value Added for insurance brokerage customers.
  • Loss Forecasting: Workers Compensation, Commercial General Liability, and Automobile Liability claims.
  • Cash Flow
  • Negotiate values of Letter of Credit as part of large deductible or self-insurance programs.
  • Prove future value of claims to satisfy the due diligence process of a suitor. Merger and Acquisitions.
  • Determine the level of service your TPA is providing in managing your Worker’s Compensation claims.

Loss Forecasting

Casualty Insurance Programs

  • Workers’ Compensation

  • General Liability

  • Auto Liability

Collateral Analysis

Casualty Insurance Programs

  • Workers’ Compensation

  • General Liability

  • Auto Liability

Large Deductible Programs

Large Deductible Programs have collateral requirements. If you have ever asked, “How did you determine the amount of collateral you are requesting? You were likely told, “We use the loss pic”.

The “loss pic” or “loss forecast” is a calculation using the paid and incurred claims values and the basis. The basis can be, payroll, sales, miles driven, and number of units.

Loss picking is not a black hole; it is an art, art we understand very well. If your collateral continues to increase each year and stacking your credit line at the bank is being affected. There is a balance that must be reached with underwriters. There is no way to effectively negotiate with an insurance company if one does not completely understand the calculation.

Busby-Stone Risk Management performs these calculations in-house. You can hire us to work alongside your current insurance broker.

Self-insurance Programs

We will use the data you provide to forecast your claims costs including cash flow analysis.