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Estvold Oilfield Services, Inc-B Hoiness
Transcript of Estvold Oilfield Services, Inc-B Hoiness
Once the Plan has been designed and accepted, the aspects of the plan are implemented
Is the Program Effective?
Are we making a Impact?
What Emerging Risks do we need to plan for?
Our Goal is to Identify & Prioritize Risks that have Financial Impact on your Business
Policies & Procedures
A Service Calendar of Events for the following 12 months is prepared and will serve as the focal point for the implementation process.
It will outline what will be done, when they will be done, and who will be involved.
We hold ourselves accountable with Service Agreements and Stewardship Reports.
Implementation of CSR24
Estvold internal link to add certificate holders and Print certificates internally
Analyze/Structure Sub Contract Agreement
Contractual Risk Transfer
Avalible via App so proof of insurance can be accessed at jobsite or location
Introduction of both Natural Resources Service Specialists. Access to all 8 Service Specialists within Team
Risk Reduction Plan
Risk Advisor Team
Coverage Gaps/Risk Managment
Additional Insured Status only provides "Ongoing Operations" (per Leavitt Proposal)
Brady Hoiness, AINS/VP Natural Resource Division
Chris Hoiness, CPCU, CIC/ Senior Vice President
Devan Hoiness/ Natural Resource Divsion
Haleigh Crnkovich/ Account Specialist
Amy Simpson, CIC/Account Specialist
Brendan Riley/ Loss Control
Mindy Carver/ JD, CPA, CPCU, CIC/ General Counsel
Jeff Wallace/ Claims Director
Ryan Elliott/ Surety
Teri Palmer/ Wellness Coordinator
Mike Day/ Employee Retention-Perpetuation
The Construction Industry anticipates a shortage of 2,000,000
workers by 2017
Lost Employee National Average is
$8,200 per employee.
Current Pollution policy is on for Sudden & Accidental---No Slow Leak
No Mention of Cargo Pollution Coverage in Proposal
Carrying $1,000/$5,000 deductibles on Property & Inland Marine(Estvold has
had a paid loss in 4 years per our received loss reports).
A Properly Designed Risk Management Plan Balances the Total Cost of the Action with Owners Tolerance for Risk and Overall Business Strategies
(Not all Businesses Qualify based on Cash Flow)
Professional Services Exclusion (Pipe Inspection)
Property/ Inland Marine
General Liability/ Umbrella/ Auto
Current Insurance Carrier
Could Cost Estvold Large $$
"Out of Pocket"!
Traditional Insurance Solution
The traditional model ignores those
PayneWest model tackles head on to improve your bottom line.
Loss of Key Contract
What does it cost Estvold?
Loss of Key Customer
Reduction of Uninsurable Risks
Traditional Insurance Cost Savings
Yearly Cost Savings in Marketing Insurance
PayneWest Cost Savings
Total Potential Cost Savings