Schauer Group, Inc
Risk Management & Insurance
Presenters
Joseph D. Schauer, CPCU, ARM Practice Leader Risk Management
Ron Van Horn, CPCU Practice Leader Oil & Gas
Schauer Gr oup, I nc. Commercial Insurance Employee Benefits Risk Management Enterprise Risk Management Executive Personal Insurance
Schauer Gr oup, I nc.
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
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
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
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
Ohio employers
Provide Protection for Employee Injury 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
Questions