164-22 Exhibits to Agreement for Workers Compensation Third Party Administration - 2022.pdf

Unique Qualifications Claims Resolution Corporation is uniquely qualified to serve as the Third Party Claims Administrator for the Township of West Orange based upon our team's extensive experience handling New Jersey public entities’ self-insured programs over the past two decades. As you will see from the attached resumes, our dedicated staff have considerable industry-specific experience and are experts in their respective fields. This background not only helps us understand the administrative requirements of serving our clientele but also gives our team the historical perspective to help develop and maintain the relationships with those departments who can benefit the most from our expertise. We believe there is no substitute for this experience when it comes to delivering superior outcomes, Perhaps the greatest Sample Client opportunity to reducing our WC TCOR clients’. total cost of risk lies ( Syr average) in the self-funded workers’ Insurance, — TPA Fees, compensation program. $675,000, $150,000, 3% Based on industry-standard analytical information and $398,000, 8% our general knowledge of New Jersey workers’ compensation programs, we developed the Total Cost of Risk graphic to the right. This graph helps clearly illustrate where our clients can achieve potential cost savings. We strongly believe there are no "cookie cutter” solutions to the challenges of today's marketplace, and that is why every aspect of our claims programs is unique to the specific client. ‘This process begins with developing client specific claim handling protocols for our Clients that address their specific needs. in the end our goal is to design and implement a custom tailored claims administration program that reflects the Client's vision and culture while functioning as an extension of their risk management department. Claims Resolution Corporation has the experience in understanding and quantifying risk exposures, aligning risk management objectives with budgetary constraints and creating opportunities to Jower risk, increase efficiency and reduce costs for our Clients.