Strategy
Crane, Rigging and Heavy Transport operations are contract intensive. This strategy provides instructions for any user of this site to easily navigate your contract amendments via utilization of proprietary click-thru features with this on-line contract administration platform. This site provides educational resource information and hosts critical contract conditions that integrate specifically with your company operations via the Incorporation by Reference of contract terms and conditions, until you begin hosting the T&C and 50 State Compendium to your website. As part of the underwriting process – brokers, underwriters and insured clients can review our multi faceted Contract Risk Management Service to provide a better understanding of their risk management profile.
Contract Analysis and Modification: Analyze your contracts and provide improved risk transfer language as part of your insurance underwriting process with you and your Broker. That process will include: Your contracts will undergo a risk management analysis. Updated contract language will be provided to your Insurance Broker with copy to you, as an important part of you Insurance Program for your company. You will receive a letter from our company that explains the details of the amended contract language, in addition to other related contract administration logistics, for integration with T&C and 50 State Compendium resources.
Contract Administration: Upon completion of the Contract Analysis and Modification Step, you have contract administration options to consider regarding hosting the Terms and Conditions and Compendium contract data elements:
Option A – Preferred Contract Handling: Your Company follows the easy-to-use instructions to host the Terms and Conditions and 50 State Compendium documents directly on your Company’s website. This option is the preferred method to best protect your company’s interests. Step-by-step instructions for this process are available to our partners.
Option B – Alternate Contract Handling: Your Company will host its agreements at our website and your agreements will note that your contract conditions for “Incorporation by Reference” are located and hosted there. If you choose this option, the appropriate URL will be provided for insertion into your agreements.
Risk Transfer Implementation: As your insurance term progresses, if you incur an incident in your operations, this risk management process will put you in touch with industry leaders to help with your claim. This would include analysis of Agreements that were utilized, and the recommendation of outsourced incident investigation by industry leaders with proven experience in these matters. Your insurance company claims management team will be given advisement on contractual risk transfer to the extent possible to minimize your exposure.
Should you have any questions about this process, please contact us at info@2RMRiskservices.com.