(Updated 2025) Efficient claims processing is crucial for insurance companies to provide excellent customer service and maintain a competitive edge. To achieve this, benchmarking key performance indicators (KPIs) is essential as they serve as valuable metrics to measure effectiveness. As organizations become increasingly data-driven, they are turning to KPIs to keep track of how individuals,Read more
Blog
Are you ready for the biggest annual gathering of workers’ compensation leaders in the country? National Comp 2023 is just around the corner, and it’s shaping up to be the most exciting event in the field yet. From September 20 to 22, 2023, the Mandalay Bay in Las Vegas, NV, will host the nation’s premierRead more
With Terra at Booth #1132 Attention all claims management professionals and industry leaders! Right now, claims management professionals and industry leaders are flocking to the prestigious Orlando World Center Marriott for the annual Workers’ Compensation Institute (WCI) Conference (August 20-23). This year we’ll be Booth #1132 and we’d love you to drop by and seeRead more
Claims handling processes in the insurance industry require a lot of technology and human resources. That is why, to improve customer satisfaction and reduce costs, insurance companies are always looking for ways to reduce handling times. This is where outsourcing claims management comes into play as it can help businesses to streamline their claims processRead more
What is a Professional Employer Organization? A professional employer organization (PEO) focuses on Human Resources (HR) responsibilities. Payroll, benefits, legal, and taxes are a few things PEOs can help with. A PEO also helps companies through different processes. For example, consider hiring and compensating international employees. PEOs help the hiring company and employees stay inRead more
The National Worker’s Compensation & Disability Conference (NWCDC) returns for another year. The event takes place October 20th to the 22nd at Mandalay Bay Resort in Las Vegas. Terra is presenting at the NWCDC (booth #471) demonstrating how Terra streamlines the insurance claim management process. A Place to Discuss Workers’ Compensation in Person The 2021 NWCDC is an opportunity to network with the biggest companies and influencers in the insurance industry. Attendees learn about the evolution of the insurance landscape with a special focus on Workers’ Compensation. Registration is still open for attendees andRead more
Workers’ Compensation is a form of insurance that exists to attend job concerns for both Employers and Employees. Also known as Workers’ Comp, this benefit helps workers in the case of injuries within the workplace. In other words, if an employee hurts themselves during workhours, Workers’ Compensation insurance provides the medical expenses and protects the employer form a civil lawsuit. Laws regarding Workers Compensation vary by state and the compensation deliberation is different according to each state. ThisRead more
Do not trip into a pile of claims this Fall! Make sure you are aware of these seven common insurance claims that we see an increase in during the upcoming months. Along with the falling leaves and dropping temperatures, Autumn brings new types of hazards and personal Insurance Claims. Here you have the most common claims that take place during Fall so you can be alert and prevent them from happening. WhatRead more
Insurance should be a critical component when Natural Disaster affects daily life and American’s business. Specially in this year where extreme weather went from surprising snowfalls, floods, and dust clouds followed one another as the seasons changed. Over the last several decades, many severe disasters have exposed Insurance needs to face natural disasters in changing markets. These catastrophes are changing the rules of the insurance game on aRead more
While both indemnity and insurance are ways to manage risk and avoid financial losses, what makes them different is the way they undertake risk. This article is going to focus on how indemnity and insurance work together for risk management. What is Indemnity? According to Investopedia “Indemnity is a comprehensive form of insurance compensation for damages or loss. When the term indemnity is used in theRead more
Member of
