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Red River Supply-Brady

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by

Ryan Bramlette

on 29 June 2015

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Transcript of Red River Supply-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
Amy Simpson, CIC, AU/ Natural Resources 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
Design
Implement
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.
Continue
- Is the Program Effective?
-Are we Making an Impact?
-What Emerging Risks do we need to plan for?
Identify
Our Goal is to Identify and Prioritize
Risks that have a Financial Impact on your Business.
Prevent
Mitigate
Finance
Transfer
Assume
Business
Strategies
Business Risk
Strategic Risk
Hazard Risk
Risk
Tolerance
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
PayneWest
Risk Solution
A Traditional Model Ignores
Un-insurable Risks
PayneWest Model Tackles these
Risks Head on to Improve your
Overall Business
Insurance Policies
Insurance
Policies
Value-Added
Services
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
Red River 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
Fiduciary Liability Exclusion
Lisa listed on 5500 Form
Risk Transfer
Contractual Risk Transfer
ISNet/PEC Compliance
DOT Compliance
Certificate Tracking
OSHA Compliance
Equipment Leases
Property Leases
Exclusion Business Income Coverage Listed?
Exclusion Employment Practices Liability?
Exclusion Cargo Pollution?
ACV vs. Replacement Cost on Mobile Homes, Inventory, & Customer Property
Double Coverage on some Dwellings
Appox Cost- $32,022
Exclusion Products Pollution Coverage?
Exclusion Professional Liability for Consultants
ExclusionLoading & Unloading Pollution Coverage?
Full transcript