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Focus Manufacturing

Contractual Risk Transfer: Requirements for Contractors Working on Client’s Premises

Posted by Tom Scheider

describe the image Issue

A servicing contractor’s (roofing company) employee while working on the client’s premises falls from an elevated work station. We work with clients to structure their contractual relationship with servicing contractors so that the financial consequences of this accident will remain with the servicing contractor’s insurance program and not affect our client.

Value

We assist clients in drafting applicable insurance specifications that will require coverage enhancements that are readily available in the marketplace. These coverage enhancements will prevent the above accident from negatively affecting the loss ratio of our client’s insurance program.

Testimonials

“The Scheider Team is currently working with us to establish insurance requirements for contractors that would be used to perform functions on Steel King’s 3 manufacturing plants in Wisconsin and Georgia. The insurance requirements will equitably transfer risk to the contractors, thus reducing Steel King’s risk on having contractors on our premises.”

Steel King Industries, Inc. - Jay Anderson, President
Client since 1996

Topics: Tom Scheider, Dan Scheider, Contractual Risk Transfer, Manufacturing, FOCUS on Risk Management, R&R Insurance