The Occupational Safety and Health Administration’s (OSHA) electronic reporting rule deadline has been extended until a proposed date of December 1st, 2017. The original deadline of July 1st, 2017 has come and gone as OSHA indicated that it would not be ready to receive electronic workplace injury and illness reports in time.
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?
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.
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