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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 Insurance Employee Benefits Risk Management Enterprise Risk Management Executive Personal Insurance.
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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 Insurance Employee Benefits Risk Management Enterprise Risk Management Executive 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.
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 International Placements
Schauer Overview • Top 4% Insurance Agencies Nationally • Best Practices Industry Best 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
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
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
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 Coverage • Not bodily injury or property damage insurance • Errors & Omissions • Architects • Engineers • Surveyors • Attorneys • Accountants
Specialty Insurance • Executive Liability/Wrongful acts coverage • Directors’ & Officers’ • Employee benefit plan fiduciaries • Employment 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