Energy Client, Safety and Regulatory Compliance

Problem

An IBTX client in the energy industry had the potential to suffer contract loss for ISNetworld non-compliance. They were dealing with negative experience modifier trends and a negative impact on their profitability. To make matters worse, their frequency and severity of workers’ compensation and auto claims were rising.

Solution

We collaborated with the client, engaging in a three-year risk management partnership. During that time, we reduced accident frequency and severity through our Safety & Loss Control training. We paired them with a claims advocacy team, providing both subrogation and reserve reduction. IBTX also implemented coverage advocacy and ISNetworld support.

Effect of Solution

The client experienced increased growth, exposure reduction and safe culture implementation. Their business became MSA compliant, and their experience modifier went under one, driving a six-figure profit directly to their bottom line.

x