Gallagher Bassett is a global risk management and claims services company that specializes in providing claims administration and risk management solutions to clients across various industries. Founded in 1962 by Jack Gallagher, Gallagher Bassett has grown to become one of the leading third-party administrators (TPAs) in the world, serving clients in more than 50 countries.
History: Gallagher Bassett’s journey began in Itasca, Illinois, where Jack Gallagher established the company with a vision to provide innovative and efficient claims management services to businesses. Over the years, the company expanded its operations, establishing a strong presence in key markets globally. Through strategic acquisitions and organic growth, Gallagher Bassett has continuously evolved to meet the changing needs of its clients and the dynamic insurance landscape.
Services: Gallagher Bassett offers a wide range of services aimed at helping businesses effectively manage risk and navigate the complexities of insurance claims. Some of the key services provided by Gallagher Bassett include:
- Claims Administration: Gallagher Bassett specializes in managing claims across various lines of insurance, including property and casualty, workers’ compensation, liability, and more. Their comprehensive claims management services encompass everything from initial claim intake to resolution, including investigation, evaluation, and settlement.
- Risk Management: Gallagher Bassett assists clients in identifying, assessing, and mitigating risks to their businesses. They offer risk consulting services, loss control programs, and data analytics solutions to help organizations proactively manage risks and minimize potential losses.
- Managed Care Services: Gallagher Bassett provides managed care services designed to optimize the delivery and cost-effectiveness of healthcare for injured employees. These services may include medical bill review, utilization management, and provider network management.
- Legal Services: Gallagher Bassett offers legal support and litigation management services to help clients navigate legal complexities associated with insurance claims. Their team of legal professionals assists with claims defense, litigation strategy, and settlement negotiations.
- Specialized Solutions: In addition to their core services, Gallagher Bassett offers specialized solutions tailored to specific industries and client needs. These may include claims management for niche markets, such as healthcare, transportation, construction, and more.
