You have risk management challenges. We have solutions.

The complexity of the energy industry has created a need for risk advisors to provide a broader range of services, rather than offering traditional insurance brokerage. 

Gallagher’s approach starts with gaining an understanding your unique situation. We then work collaboratively with you, using in-depth risk reviews, risk mapping techniques and comprehensive analysis methods to develop an innovative solution tailored to your needs. Our team of specialists is highly skilled in designing conventional insurance programs, as well as effecting alternative risk transfer programs to meet clients' specific needs. 

Gallagher's Energy Practice addresses clients’ risk management objectives with experience focused on these key components:

Risk Assessment

  • Review risk management philosophy
  • Complete exposure survey
  • Analyze insurance needs and key cost drivers
  • Evaluate loss history

Coverage and Program Design

  • Evaluate limits vs. cost
  • Determine deductibles and retentions
  • Review program structure/layers
  • Analyze coverages required/desired

Marketing, Evaluation and Recommendations of Carriers

  • Develop renewal strategy
  • Obtain updated exposure value
  • Prepare accurate submissions
  • Present account to qualified markets
  • Communicate with markets
  • Compare/evaluate quotations
  • Prepare presentation with recommendations
  • Follow through on binding activities

Strategic Planning/Plan Review

  • Focus on future exposures/coverages
  • Review alternative program structures
  • Set goals for program advancement
  • Provide stewardship reports
  • Provide consultative solutions to address new-client concerns

Account Servicing

  • Issue certificates and auto ID cards
  • Premium allocation
  • Serve as liaison to carriers
  • Clarify coverage questions and contractual review
  • Prepare invoices and summaries
  • Review audits for accuracy
  • Issue a summary of insurance
  • Provide industry updates

Claims Handling and Advocacy

  • Act as advocate on all claims
  • Provide routine claims status
  • Attend claims meeting as requested
  • Follow up with carriers on claim payments
  • Prepare claim reviews

Loss Control

  • Coordinate loss control inspections
  • Establish loss control objectives
  • Supervise insurer loss control activities
  • Respond to claims

> Energy - Commercial Insurance and Risk Solutions (PDF)