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Triangle Electric-Brady

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Ryan Bramlette

on 2 September 2015

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Transcript of Triangle Electric-Brady

Risk Management Plan
Risk Management Plan
Risk Management Team
Brady Hoiness, Vice President/ Natural Resource Division
Chris Hoiness, CPCU, CIC /Senior Vice President
Devan Hoiness/ Natural Resource Division
Haleigh Crnkovich/ Natural Resources Account Specialist
Laurie Preitauer, CIC, AU/ Account Specialist
Sandy Meyers, Account Specialist
Brendan Riley/ Transportation & Energy Loss Control
Mindy Carver, JD, CPCU, CIC, CPA/ General Counsel
Jeff Wallace/ Claims Director
Teri Palmer/ Wellness Coordinator
Mike Day/ Employee Retention & Perpetuation Planning
Matt Hardy/ Benefits Planning
Holly Walsh/ Alternative Risk
-Risk Assesments
-Coverage Audits
-Contract Review
-Policies & Procedures
Once the plan has been designed and accepted, the aspects of the plan are implemented

A 3 Year Plan will be implement and will serve as the focal point of the implementation process.

It will involve what will be done, when they will do it, and who will be involved.
- Is the Program Effective?
-Are we Making an Impact?
-What Emerging Risks do we need to plan for?
Our Goal is to Identify and Prioritize
Risks that have a Financial Impact on your Business.
Business Risk
Strategic Risk
Hazard Risk
A Properly Designed Risk Management Plan Balances the Total Cost of Action with the Owners Tolerance for Risk & Overall Business Strategies
PayneWest holds itself accountable with Service Agreements & Stewardship Reports.
Traditional Insurance Solution
Risk Solution
A Traditional Model Ignores
Un-insurable Risks
PayneWest Model Tackles these
Risks Head on to Improve your
Overall Business
Insurance Policies
Risk Management
Coverage Gap Analysis
Loss of Key Contract
Reputation Management
Contract Review

Claims Advocacy
Loss Control
Certificate Tracking
Loss of Key Contract
Coverage Gap Analysis
Loss of Key Contract

Coverage Gap Analysis

Contract Review

Customer Service
Implementation of Energy24
Triangle Electric internal link to add certificate holders as well as the ability to create & send certificates by Red River staff.
Available via App so proof of insurance can be accessed at jobsite or location.
Access to PayneWest service team of 8 Natural Resource Experts
Coverage Gaps
Risk Transfer
Contractual Risk Transfer
ISNet/PEC Compliance
DOT Compliance
Certificate Tracking
OSHA Compliance
Equipment Leases
Property Leases
Only Entity Listed on Current policy is Triangle Electric. Missing Industrial Automation, Telemasters & Electric Motor Supply.
Triangle Electric is currently being charged for every Additional Insured & Waiver of Subrogation for a total of $3,535.
Subcontractor Exclusion
No Coverage for Cargo Pollution
No Fiduciary Liability Coverage
5500 Form- Dave Hoerner
Limited Pollution Coverage
Underground Resources Exclusion
No Blanket Property Coverage
Punitive Damage Exclusion
Electronic Data Exclusion
Design Build Exclusion- Per Website Industrial Automation does Design Build Panels
Professional Liability Exclusion
Charge for Terrorism Coverage-$1,240
Full transcript