IRVINE, California, July 27, 2020 – CorVel Corporation, a national provider of risk management solutions, is leveraging its experience and technology to provide clients with liability management services and monitor emerging legislation as claims related to COVID-19 increase.
As the global pandemic continues to impact the country, liability claims are proliferating. Employers are facing claims such as alleged negligence to provide adequate personal protective equipment (PPE) or social distancing, and failure to have contingency plans in place to protect employees. CorVel’s national liability division is providing insight and guidance to clients regarding COVID-19 claim reporting and best-practice handling, along with 24/7 catastrophic assistance for third-party claimants.
Legislation and state orders focusing on compensability and policy coverage are rapidly emerging to address the situation. Several jurisdictions have expanded the presumption of compensability under workers’ compensation for a wide array of public and private employees, including first responders, health care workers, and frontline workers. At least a dozen states are adopting revised legislation regarding business continuity and business interruption coverage. CorVel is closely monitoring the situation and capturing these emerging jurisdictional changes on its legislative updates page.
“As an experienced liability third-party administrator, CorVel provides clients with in-depth knowledge to streamline the claim process, mitigate costs, and improve outcomes,” said Michael Combs, CorVel President and CEO. “We are actively monitoring legislative updates, claim trends, and clinical information to provide proactive solutions and better manage workers’ compensation and liability claims for our clients.”
When a COVID-19 claim arises, liability claims specialists work closely with employers to provide defense counsel with the required information and documentation. CorVel leverages its integrated system to:
“This new landscape is quite different from the slip-and-fall or product claim that we usually see—COVID-19 is a whole new ballgame,” said Ed Burtnette, VP Liability Services at CorVel. “Our robust system gives liability claims specialists the tools they need to truly understand the client and become an extension of their business. By understanding the nuances of each industry’s situation, we can anticipate and address the needs of each customer and each claim. CorVel’s goal is to ease the process for everyone involved and to help resolve claims promptly, completely, and in good faith while protecting our clients’ businesses and brands from costly mistakes.”
To learn more about liability and litigation related to COVID-19, watch CorVel’s webinar, “Anticipate, Mitigate, (Rarely) Litigate,” featuring a panel of industry experts.
CorVel Corporation is a national provider of industry-leading workers’ compensation and liability solutions for employers, third-party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. We apply technology, intelligence, and a human touch to the risk management process so our clients can intervene early and connect to the critical intelligence they need to manage risk proactively. With a robust technology platform at its core, our connected solution is delivered by a national team of associates who are committed to helping clients design and manage programs that meet their organization’s performance goals.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
All statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on the Company’s current expectations, estimates, and projections about the Company, management’s beliefs, and certain assumptions made by the Company, and events beyond the Company’s control, all of which are subject to change. Such forward-looking statements include but are not limited to statements relating to the Company’s liability claims managementservices and the Company’s continued investment in these and other innovative technologies. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties, and assumptions that could cause the Company’s actual results to differ materially and adversely from those expressed in any forward-looking statement, including the risk that the impact of the COVID-19 pandemic on our business, results of operations and financial condition is greater than our initial assessment.
The risks and uncertainties referred to above include but are not limited to factors described in this press release and the Company’s filings with the Securities and Exchange Commission, including but not limited to “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended March 31, 2020 and the Company’s Quarterly Report on Form 10-Q for the quarters ended June 30, 2019, September 30, 2019, and December 31, 2019. The forward-looking statements in this press release speak only as of the date they are made. The Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
CorVel Corporation is publicly traded on the NASDAQ National Market System under the stock symbol CRVL. The CorVel Corporation Annual Report on Form 10-K filed with the Securities and Exchange Commission may be obtained by clicking here or by contacting:
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