schauer group, inc risk management & insurance. presenters joseph d. schauer, cpcu, arm practice...
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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 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