Master Service Agreements (MSAs) are the “life-blood” for any Oil & Gas Service Contractor. Without the right MSAs, Contractors are without approved-vendor status and miss out on the opportunity to work with top tier Oil & Gas Companies. Therefore, Contractors seek to maximize the quantity of signed, quality MSAs. But what are the risks associated with this quest?
With less work around today, contractors have to do more than ever to elevate their company on the preferred vendor list to capture a shrinking pool of jobs. Contractor clients of Ross & Yerger are able to rise to the top of bid lists by taking advantage of our in house PEC SafelandUSA and SafeGulf training services for all their employees.
In a recent newsletter, we talked about how oil and gas (O&G) service companies need to maximize every dollar of revenue they earn by ensuring an appropriate return on all investments. This includes your investment in O&G insurance. About 12 cents of every dollar spent on O&G insurance premiums is commission. This 12 cents can also be viewed as your investment in risk management. So the question becomes: What kind of risk management return on investment (ROI) are you generating?
On September 28, 2016, Ross & Yerger Insurance, Inc. hosted a seminar to discuss the implications of this law featuring Michael Thompson and Judson Sanders, attorneys at the law firm Taylor, Wellons, Politz & Duhe.
Two United Plaza
8550 United Plaza Blvd, Suite #702
Baton Rouge, LA 70809
Telephone: (225) 927-3198
Fax: (225) 612-6755
Ross & Yerger New Orleans, LA Office
3900 N Causeway Blvd. Suite 1200
Metairie, LA 70002
Telephone: (504) 210-7074
Fax: (601) 326-4591
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