The Hidden Costs of Slow Workers’ Comp Claims Workers’ comp claims should move efficiently, but too often, delays, disjointed systems, and outdated workflows slow everything down. A recent study found that inefficiencies in claims procssing can increase claim costs by up to 30% (source). Where do delays hit the hardest? ? Communication breakdowns between adjusters, employers, and medical providers ? Approval slowdowns due to outdated syestems ? Lack of automation leading to manual backlogs ? Endless follow-ups to track claim status These inefficiencies don’t just waste time—they drive up costs and impact claim outcomes. Modern claims management isn’t about working harder—it’s about working smarter with technology that streamlines approvals, automates workflows, and ensures seamless collaboration. Request a demo and see for yourself what bliss looks like. https://buff.ly/RBtEtbm #WorkersComp #InsurTech
Terra
保险业
College Station,Texas 308 位关注者
Terra is the Next Generation Claims and Policy Software for Workers’ Comp.
关于我们
Terra’s cloud-native platform transforms workers’ comp claims and policy management by streamlining operations, centralizing workflows, and integrating with payment systems, ancillary services, and more. Eliminate the need for multiple apps and forget about managing servers, storage, or user counts.
- 网站
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https://terra.insure
Terra的外部链接
- 所属行业
- 保险业
- 规模
- 51-200 人
- 总部
- College Station,Texas
- 类型
- 自有
- 领域
- Risk Management 、Property Insurance、Casualty Insurance、Claims Management 、Benchmarking System 、Claims Operations 、Self-Insureds、TPAs、PEOs、Risk Managers、Data Analytics Solution 、Cross-industry Claims Benchmarking 、Manage Risk Reserves 、Improve Claim Outcomes、Prevents Fraud.、Third Party Administrators、Professional Employer Organizations、Insurance Carriers、Workers’ Compensation Program、 Claims Lifecycle、Workers' Comp和Policy Management
地点
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主要
3011 Earl Rudder Fwy S
Suite 400
US,Texas,College Station,77845
Terra员工
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James M. Benham
Bootstrapped InsurTech CEO & Co-Founder @ JBK & Terra. Co-Founder of SmartBid (exited). Bestselling Author "Be Your Own VC". InsurTech Geek Podcast…
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Sebastian Costa
Chief Operating Officer at JBKnowledge, Terra and SmartCompliance.
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Mauricio Costa
Chief Revenue Officer at JBK & Terra
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Enrique Peltzer
Sales & Marketing Director at JBKnowledge
动态
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?? New Blog Post Outdated policy admin systems could be costing you more than you realize — in time, money, and customer satisfaction. A modern platform can cut policy processing time by up to 40% and improve overall efficiency. Learn why upgrading your policy administration system is a game-changer for insurers. ?? Read the full post: https://lnkd.in/gMKE8RVx #InsurTech #Insurance #DigitalTransformation
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Workers’ Comp Shouldn’t Be This Hard Too many teams are stuck in a cycle of chasing documents, following up on renewals, and struggling with outdated systems. In fact, 60% of risk managers still rely on manual tracking methods—wasting time and increasing costs. What’s the biggest frustration in your workers’ comp process? ? Slow, outdated systems? ? Manual renewals and policy updates? ? Too much time spent on admin instead of strategy? The industry is overdue for a shift. How is your team handling these challenges? Let’s discuss. #WorkersComp #InsurTech
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Terra转发了
?? Thank You, Terra! ?? Kids' Chance of Florida is thrilled to have Terra as a Hole Sponsor for our 5th Annual Kids' Chance of Florida Golf Tournament! ????♂? ?? Date: August 17, 2025 ?? Location: Hawk's Landing Golf Club, Orlando World Center Marriott Your support helps provide scholarships to children of seriously injured workers, giving them the opportunity to pursue their education and dreams. ???? We appreciate your generosity and look forward to an amazing day on the course! ?? kidschancefl.org #KidsChanceFlorida #GolfForACause #ThankYou #Terra #Scholarships #MakingADifference #KidsChanceFL #KidsChance #MoreMoneyForMoreKids
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This is a Fact: Generic Compliance Tools Aren’t Built for Workers’ Comp Relying on generic compliance systems to manage workers' comp creates inefficiencies, compliance gaps, and unnecessary risks. Many organizations use outdated tracking tools—like spreadsheets or systems designed for broader insurance needs—that don’t account for the complexities of workers' comp. As a result, risk managers spend hours verifying coverage, tracking renewals, and preparing for audits without the specialized tools they need. Terra is purpose-built for workers' comp compliance, offering real-time tracking, automated renewal alerts, and a centralized system designed to reduce risk. Request a demo to see how a niche-specific solution transforms compliance management. #WorkersComp #Insurtech
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What’s the Biggest Challenge in Workers’ Comp Compliance? Managing workers’ comp compliance is time-consuming and resource-intensive. A 2023 Gartner study found that integrating compliance and risk management programs can reduce incident costs by 45%, yet many organizations still struggle with outdated processes that slow them down. Which part of compliance takes up the most time for your team? ? A) Chasing down certificates ? B) Managing renewals ? C) Verifying compliance status ? D) Preparing for audits Inefficient compliance tracking doesn’t just create delays—it increases risk exposure and operational costs. Share your thoughts and let’s discuss how to streamline the process. #WorkersComp #InsurTech
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The Future of Workers’ Comp Starts Here According to OSHA (Occupational Safety and Health Administration),, workplace injuries cost U.S. businesses over $1 billion per week in direct expenses—yet outdated systems make workers’ comp more complicated than it needs to be. Slow quotes, limited market access, and inefficiencies drive up costs and waste valuable time. ? Still relying on gut instinct instead of data-driven decisions? ? Struggling with outdated spreadsheets that don’t give you real-time insight? ? Missing out on better coverage options because of inefficient systems? Terra’s digital marketplace connects brokers, MGAs, and carriers—giving you faster quotes, real-time insights, and access to the best coverage options. Workers’ comp doesn’t have to be complicated. Let’s simplify it. #WorkersComp #InsurTech
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Transforming Workers’ Comp with Seamless Connectivity The workers’ compensation industry has long been bogged down by inefficiencies, outdated processes, and disconnected systems. That’s why Terra is taking a bold step forward with Terra Connect—a game-changing digital marketplace designed to bridge the gaps between insurance carriers, brokers, MGAs, and service providers. With Terra Connect, industry leaders can: ?? Streamline policy placement by accessing real-time, digital-first quoting and binding. ?? Expand market reach with seamless integration into a network of top-tier providers. ?? Reduce inefficiencies through automated workflows and data-driven insights. It’s time to modernize workers’ comp with technology that connects, simplifies, and accelerates the entire process. Discover how Terra Connect is setting a new standard for digital transformation in workers’ compensation: https://buff.ly/kPgXlHf #WorkersComp #Insurtech #Terra" #WorkersComp #Insurtech
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What's the Real Cost of Compliance Headaches? Chasing down workers’ comp certificates. Scrambling before audits. Sifting through endless emails and spreadsheets. Sound familiar? But here’s the real question: What is it costing your business? ? Time—Hours wasted on manual tracking ? Risk—A single missed renewal can lead to penalties ? Money—Non-compliance isn’t just a hassle; it’s a financial liability There’s a better way. Terra automates the chaos, keeping your compliance seamless, stress-free, and under control. Because risk management should be about strategy, not spreadsheets. Let’s talk. #WorkersComp #InsurTech
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?? Unlocking Efficiency in Workers’ Compensation: Why Integration is the Key ?? Workers’ compensation insurers are facing a major challenge: managing claims, policies, and compliance across disconnected systems. The result? Delays, inefficiencies, and costly compliance errors. ?? The solution? A unified platform. Our latest blog explores how integrating claims management, policy administration, and compliance automation can help insurers: ?? Speed up claims processing by 40% ?? Reduce compliance errors by 45% ?? Automate policy administration for higher retention rates Why stick with outdated systems when efficiency is within reach? Learn how leading insurers are transforming operations with Terra’s integrated platform. ?? Read more: https://lnkd.in/gE-Ur8dZ #WorkersComp #InsuranceTechnology #ClaimsManagement #Insurtech