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Northern Oilfield Services-B Hoiness
Transcript of Northern Oilfield Services-B Hoiness
-Policies & Procedures
Once the Plan has been designed and accepted, the aspects of the plan are implemented
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 do it and who will be involved
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
A Properly Designed Risk Management Plan Balances the Total Cost of the Action with
Owners Tolerance for Risk and Overall
We hold ourselves accountable with Service
Agreements and Stewardship Reports.
Risk Advisor Team
Brady Hoiness, AINS/ VP Natural Resource Division
Devan Hoiness/ Natural Resource Division
Haleigh Crnkovich/ Account Specialist
Amy Simpson/ Account Specialist
Brendan Riley/ Loss Control
Mindy Carver, JD, CPA, CPCU, CIC/ General Counsel
Jeff Wallace/ Claims Director
Ryan Elliott/ Surety
Teri Palmer/Wellness Coordiantor
Mike Day/Employee Retention-Perpetuation
Employee Retention/Skilled Employees
The Construction Industry anticipates a shortage of 2,000,000
workers by 2017
Lost Employee National Average is $8,200
- Fiduciary Liability
- Additional Insured
Including "Ongoing Operations"
Contractual Risk Transfer
Risk Reduction Plan
(*Not All Businesses qualify based on Cash Flow)
Traditional Insurance Solution
The Traditional Insurance Approach
Ignores those Uninsurable Risks.
PayneWest Model tackles head on to directly improve your Uninsurable Risks
Loss of Key Contract
What Does it Cost Northern Oilfield Services?
Implementation of CSR24
Northern Oilfield internal link to add certificate holders and print certificates internally.
Available via App so proof of insurance can be accessed at jobsite or location
Access to PayneWest Service Team of 8 Natural Resource Individuals
Could Cost Northern Large $$$
Loss of "Key" Customer
"Out of Pocket"
- Borrowed Equipment Exclusion
-Professional Liability Exclusion for Trucking, Roustabout & Leasing
-Missing Stop Gap
Yearly Cost Savings in Marketing Insurance
Traditional Insurance Cost Savings
-Auto Pollution Exclusion
Total Potential Cost Savings
PayneWest Cost Savings
Loss of Reputation