Schauer Group, Inc

Risk Management & Insurance

                      

    

 

Presenters

Joseph D. Schauer, CPCU, ARM

Practice Leader

Risk Management

Ron Van Horn, CPCU

Practice Leader

Oil & Gas

Commercial InsuranceEmployee BenefitsRisk ManagementEnterprise Risk ManagementExecutive Personal Insurance

Schauer Group, Inc.

                      

    

 

Established in 1919 Licensed in 40 states Industry Expertise

Aviation/Aerospace Construction Oil & Gas Environmental Manufacturing/Distribution Healthcare Non-Profits Law Firms Accounting Firms

Schauer Group, Inc.

Schauer Domestic Business

International Placements Argentina Australia Brazil Canada China Czech Republic France Germany Hong Kong Hungary India Indonesia Italy Japan Luxembourg

Mexico Netherlands Poland Romania Russia Singapore South Africa South Korea Spain Taiwan Thailand Turkey United Kingdom Venezuela Vietnam

Schauer Overview Top 4% Insurance Agencies Nationally Best Practices

Revenue Growth

Client Retention

Service Platform

Education

IndustryBest Practices

The Nation’s First ISO Registered Independent Insurance Agency

Certified since 1998 Customer focused quality objectives Continuous improvement of internal processes Focus on training and education of our staff

Insurance Company Partners

Oil & Gas Division Division Overview

Industry Served Lease Operators Non-Operators Drilling Contractors Suppliers Haulers Environmental/Waste Removal Service Contractors

Specialty Insurance Companies Risk Management Service Platform

Exposure Analysis Indemnity Clause Compliance Certificate Tracking & Management Claims Management Risk Control

Presentation Overview

Master Service Agreements Insurance Coverage Requirements Limits of Insurance Insurance Policy Endorsements

Other Specialty Insurance How to Purchase Insurance

Master Service Agreements

Function and Purpose Areas of Focus

Terms and Conditions Indemnity Clause Insurance Clause

Well Operator• Well Operator (Owner)• Liability transfer

Drilling Contractor• Accepts liability• Liability transfer

Drilling Sub-Contractor • Sub-Contractor• Accepts liability

Insurance Coverage Requirements

General Liability Insurance Coverage/Legal liability for:

3rd Party Property Damage 3rd Party Bodily Injury

Required Limits of Insurance $1m per occurrence $2m annual aggregate

Insurance Coverage Requirements

Automobile Liability Insurance Coverage/Legal liability for:

3rd Party Property Damage 3rd Party Bodily Injury

Required Limits of Insurance $1m per accident

Insurance Coverage Requirements

Workers Compensation Statutory coverage

Provide Protection for Employee Injury Ohio employers

Directly from the State Fund Qualified Self-Insured

Employers Liability Coverage Intent

Provide Protection for Allegations of Employer Gross Negligence Required Limits of Insurance

$1m Disease $1m Accident $1m Disease Aggregate

Insurance Coverage Requirements

Umbrella or Excess Liability Insurance

Required Limits: Varies

Umbrella Excess

General Liability

Automobile Liability

Employers' Liability

General Liability

Insurance Policy Endorsements

Additional Insured Language Primary Non-Contributory Completed Operations

Waiver of Subrogation

Specialty Insurance Requirements

Environmental/Pollution Liability Contractors Pollution Liability Coverage Site Pollution Liability Coverage Transportation Coverage Nonowned Disposal Sites

Specialty Insurance

Professional Liability CoverageNot bodily injury or property damage insuranceErrors & Omissions

Architects Engineers Surveyors Attorneys Accountants

Specialty Insurance

Executive Liability/Wrongful acts coverageDirectors’ & Officers’Employee benefit plan fiduciariesEmployment related practices

How To Buy Insurance

Find a Qualified Agent Industry Expertise Education Service Capabilities Insurance Market Access

Identify Risk Exposures Conduct an Analysis of Current Program

Questions