New Operation Avoids Unnecessary Expenses

Action Plan

OVD was referred in based on their work with a complementary manufacturer. Within 4 days of introduction, the team at OVD was onsite touring the facility to gather data. After completing a full assessment on the sprinkler system, storage heights and other critical measures, it was determined that the current sprinkler system was sufficient for operations, but there were a number of steps that could be taken to improve inspection results.

An OVD Risk Specialist worked closely with the Operations Manager and Environmental Health and Safety Director to outline and prioritize action items. Within a month, and investing nothing more than time and energy, OVD was able to get the sprinkler system approved as adequate for the operation and approval from competing insurance carriers to move forward with insuring the risk.

Result

Within 4 months of initial introductions, OVD was able to remarket the insurance and help the client avoid unnecessary expenditures on their sprinkler system. The company has been able to reinvest the total savings of $460,000 into other safety and personnel initiatives.

Download Avoiding Unnecessary Expenditures Case Study here.