35
NOVEMBER 2014
ACT
ROUND TABLE
RISKMANAGEMENT
suchasblackboxes,GPS, electronic
loggingdevices,CSAandmanyother
typesof technology canhave a significant
impact on litigation–bothgoodandbad.
Anotherpoint toponder is that litigation
issues go farbeyond the technology itself,
and really comesdown to thedata the
technology collects.
We arenow living inan ever-changing
informationage. There is farmoredata
that exists today thandidpreviously, and
Specialist (CRIS)Designations.
Withmore than12yearsof experience
in riskmanagement both in the trucking
and insurance industry,Nelsonmanages
riskmanagement for theNBIS specialized
transportationprogramandmakes
recommendations inplanning, designing
and implementing riskmanagement
strategies forNBIS insureds. He assists
withdevelopingandmarketing the
specialized transportationprogram,
alongwithon-site investigations,CSA
performance analysis andpresentations.
Nelsonbrings toNBISawealthof
knowledge inhelping carriers improve
safety, regulatory compliance and reducing
their exposure to risk.
HOWHASMANAGINGRISK FORCRANE AND
TRANSPORTATIONCOMPANIESCHANGEDOVER
THE LAST YEAR IN LIGHT OF CSAREGULATIONS/
REQUIREMENTS?
Nelson:
For a company tomanage risk
effectively in today’s environment, they
must beproactive in identifyingwhat
data exists, suchasCSA,within their
organization, andmore importantly they
must understandhow touse it to their
benefit andbuild their safety culture
accordingly.
NBIS recognizes andappreciates that
both crane and transportation companies
day-inandday-outmust navigate through
analways-changing complex regulatory
environment, andof coursewithin
that environment lies claims litigation
involvingbothCSAandother regulatory
requirements.
Something else that is always changing
is technology. I believe to somedegree
everyonewouldagree that technology
Managing risk in the crane
and transport sector has
changed substantially over
the past 18months.
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Navigating riskmanagement
requires constant attention
and reliance on insurance
professionalswho keep your
best interests inmind.
M
anaging risk is a constant
challenge in the crane,
riggingand specialized
transportation sector. Bynature, lifting
andhaulingheavy stuff is a riskybusiness,
andassuring these jobs areperformed
safely requires a tremendous amount of
time and resources.
Plus, governmental regulations are
constantly changingandbecoming
more complicated. Todiscuss current
riskmanagement issues,
ACT
reached
out toRandyProos, vicepresident,
heavy equipment practicegroup,USI
InsuranceServices,CoralGables, FL, and
ChrisNelson, assistant vicepresident,
riskmanagement – transportation,
NationsBuilder InsuranceServices,
Atlanta,GA.
With20yearsof experience, Proos
focuseson the construction, crane and
riggingandheavy equipment industry
sectors.USI isoneof the largest producers
of insuranceprograms in this sector in the
UnitedStates.
“Managingyour insurance risk in
today’sworldhas evolved intoamulti-
dimensional areadominatedby financial,
strategic, operational and coverage
concerns,”Proos said. “Inaddition to
providinghigh level brokerage services
and comprehensive coverageplacement,
webelieve today’sbrokers shouldbe
well-versed inall aspectsof risk transfer
and contractmanagement. Managing
contractual risk transferhasbecome an
integral part of loweringa construction
firm’s total cost of risk.”
Proosholds theCertified Insurance
Counselor (CIC) and the IRMI
ConstructionRiskand Insurance
”
‘‘
I believe to some
degree everyone would
agree that technology
such as black boxes,
GPS, electronic logging
devices, CSA andmany
other types of technology
can have a significant
impact on litigation – both
good and bad.
CHRISNELSON,
Assistant Vice
President, Risk
Management –
Transportation, NBIS
Navigating change
