Paragon

  While most Insurance companies have Loss Control programs, many have neglected setting up a database to manage the information because of a perceived difficulty in cost justifying development of such a system. However, if your company already has a program, which includes the on-site inspection and reporting of information, then it is possible that deployment of our system will pay for itself through a reduction in the amount of time spent by your Clerical, Inspection and Underwriting staff.

  The following model allows you to replace the default values with figures that more accurately represent the number of staff, their annual loaded cost and the approximate time spent on handling Inspection Reports in your company now. It will then calculate the annual savings available to your organization.

Clerical staff Cost  Annual Savings
# of Clerical staff    
Annual Loaded Cost    
Avge Admin Hrs/Wk/Person This role typically spends admin time on the following activities: 1. Distribution and Retrieval of Electronic Files, such as Word or Excel Reports and Digital Images by e-mail 2. Managing a Centralized Directory of Files, such as Word or Excel Reports and Digital Images on a Share Server 3. Confirming that Files on Centralized server are the most recent     $13,333.33
Inspector Cost    
# of Inspector staff    
Annual Loaded Cost    
Avge Admin Hrs/Wk/Person This role typically spends admin time on the following activities: 1. Distribution and Retrieval of Electronic Files, such as Word or Excel Reports and Digital Images by e-mail 2. Managing the Directory of Electronic Files, such as Word or Excel Reports and Digital Images on his own PC 3. Confirming that Files in use are the most recent     $24,000.00
Underwriter Cost    
# of Underwriter staff    
Annual Loaded Cost    
Avge Admin Hrs/Wk/Person This role typically spends admin time on the following activities: 1. Distribution and Retrieval of Electronic Files, such as Word or Excel Reports and Digital Images by e-mail     $200,000.00
Management Cost    
# of Management staff    
Annual Loaded Cost    
Avge Admin Hrs/Wk/Person This role typically spends admin time on the following activities: 1. Managing Staff Activity and Expence Levels 2. Workload Management 3. Management Reporting     $26,666.67
    Total  $264,000.00

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