Presentation on theme: "Schauer Group, Inc Risk Management & Insurance. Presenters Joseph D. Schauer, CPCU, ARM Practice Leader Risk Management Ron Van Horn, CPCU Practice Leader."— Presentation transcript:
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.
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 Industry Best Practices
The Nations 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
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: 3 rd Party Property Damage 3 rd Party Bodily Injury Required Limits of Insurance $1m per occurrence $2m annual aggregate
Insurance Coverage Requirements Automobile Liability Insurance Coverage/Legal liability for: 3 rd Party Property Damage 3 rd 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 UmbrellaExcess General Liability Automobile Liability Employers' Liability General Liability
Insurance Policy Endorsements Additional Insured Language Primary Non-Contributory Completed Operations Waiver of Subrogation