Eric Pruemer, P.E. The Lane Construction Corporation

CONSTRUCTION INSURANCE

The preferred partner to connect and improve the communities and world in which we live.

Lane History In 1890, John S. Lane Started a stone crushing operation

in Meriden, CT, providing stone for the rapidly growing railroad and street paving industries.

In 1902, he incorporated The Lane Construction Corporation.

Lane currently has over 4,500 employees with projects including highways, bridges, racetracks, mass transit and airport systems, and the development of energy resources working in 21 states with annual revenues of more than $1 billion.

In 2015, Lane will celebrate its 125th anniversary.

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Risk Management

The overall goal of risk management is to protect the company’s assets against financial loss arising from:

• Injuries to our employees • Damage to company property • Liability for injury or property damage to third parties

There are a number of different methods to treat potential loss exposures, including:

• Avoidance • Control • Retention • Transfer

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Risk Management

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Limit your exposure by limiting time exposed to risks.

Risky Operations Utilize equipment instead on manpower Limit Employee Equipment Interactions

Haul Routes Enter/Exit of Work Zones

Exposure Limit Time Exposed (Breaks/Meetings)

Avoidance

Risk Management

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Set policies to control your risk.

Policies Routine Procedures to Control Risk

Training Educate Employees of Risks Train Employees of Proper Equipment and Tool

Usage

Minimum Requirements Personal Protective Equipment (PPE)

Control

Risk Management

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Make changes based on experience and conditions that can result in accidents.

Incident Reports Share with Other Projects Document Events

Experience Share Inspection Findings and Incident

Reports with Other Areas

Historical Data Looking for Trends or Patterns Focus Training and Prevention on Problem

Areas

Retention

Other Items

Accident Frequency • First 90 days

»Lack of Experience • Fridays

»Lack of Focus • Holidays

»Supervision Vacation »New Job Duties

• End of Shift »Short-Cuts to Hurry to Finish

• Spring »New Hires/Increased work

• Fall »Winter Layoff > Higher Frequency of False Claims

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Risk Management

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Transfer your risk to others when possible.

Subcontract Clearing Mowing

Contract Agreements Contractor Friendly Language

Insurance Require all subcontractors to carry

insurance at minimum contract requirements

Transfer

Insurance

While these methods are utilized, the most common method employed to protect the company is INSURANCE.

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Insurance

Insurance allows us to conduct our business without the fear of severe financial consequences from those losses that do occur during the course of our activities.

Contractor’s typically deal with two types of Insurance Companies:

• Focusing on Human Safety • Securing Plants and Equipment

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Incidents Happen

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Insurance

Human Safety • Insurance Representative visits our major projects quarterly • OSHA Compliance • Comprehensive Safety Plan • Blatant Violations

Assets • Plants • Equipment • Quarterly estimated values

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Other Items

Accident Reporting • Statistics show that delays in reporting claims can inhibit

the insurance company’s ability to investigate and control the claim, and this may translate into higher costs to the company

»Evidence is still fresh (Pictures) »Witnesses still available »Root Cause Investigations

• 5 Why’s

»On-Site Investigations

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Other Items

Hotline • Employees have the ability to report

violations of laws or regulations such as improper or unethical business practices, health, safety, and environmental issues.

• Allows company to take care of issue first before governmental agencies are involved.

• Helps identify problem locations to focus our efforts

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Other Items

Stop Work Card • Employee responsible and authorize to cease unsafe acts in

immediate area of work being performed. • Universal signal to stop work -> Whistles

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