Risk Management

Energy/Marine > Risk Management > Risk Management

With one of the most highly experienced and trusted risk management teams in the energy and marine industries, Alliant Insurance Services is in a unique market position to assess and interpret your company's risk profile and needs. Our risk management services provide the necessary contractual reviews and specific contract development that may be needed during the course of drilling or merger or acquisition activity.

As your insurance broker, we understand it is not only about providing you with a quote. Our unique, consultative approach includes an in-depth risk review of your company's operations, which helps us to best understand the unique and specific needs your company faces. In doing this, we are able to determine the most efficient and economical way to transfer risk to you, your equity partners, or your shareholders.

In our view, placing your insurance is the final step in our review, not the first.

Risk Review

Customized risk management services

Conduct exposure/risk review
Develop customer service calendar

Mitigate risk (see "Risk Services")

Budgeting and financial management
Contractual liability management
Transactional review
Loss control and safety management

Transfer risk

Contractual transfer
Financial transfer
Alternative risk products
Traditional insurance

Risk Services

Budgeting and financial management

Review surety programs for pricing improvements
Allocate insurance premiums for joint interest billings (JIBs)
Assistance with quarterly reporting
Provide premium estimates for budgeting process

Contractual liability management

Review and advise on contract issues concerning indemnities, hold harmless agreements and insurance requirements
Work with client's attorney
Provide contract templates that include common industry language along with state-specific wording unique to the client's area(s) of operation
In-depth review of all outstanding contracts to include:

Master service agreements
Joint operating agreements
Drilling contracts
Well services agreements
Purchase and sale agreements
All related insurance exhibits
Construction-related contracts
Loading contracts
Production agreements

Transactions

Purchase and Sale Agreements: Alliant will review and advise on the indemnity and insurance issues, including coordination of policies, claims made issues, tail exposure, etc.
Insurance due diligence
Environmental products for known and unknown exposures
Other alternative risk transfer products to assist in your deal structure

Claims and Loss Control Management Services: Alliant will provide the following claims service and expertise that we believe sets us apart:

Responsibility for all claim issues remain within our energy team
Pre-agree claims adjusters with markets
We will provide claims procedures to assist your personnel in proper handling and reporting of losses
Develop necessary claim information for submission to claim adjusters and underwriters
Assistance throughout a claim situation
Quarterly reporting of the status of a claim and more frequent reporting when appropriate
Follow up with markets for timely payment of claims

For more information, contact:

John B. Ludwig

Managing Director

(817) 877-1884

The Specialty Leader Since 1925

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Risk Management

Risk Review

Risk Services

For more information, contact: