Financial Stability for Long-term Growth
At Precision Environmental Company, we use our financial resources to put us in a position that ensures long-term stability and profitable growth.
Banking on Long-Term Relationships with Key Partners
We have a long tradition at Precision Environmental of valuing relationships with our key partners. Since 1987, we have primarily banked with National City Corporation, now PNC, and utilized the law practices of Calfee, Halter & Griswold LLP and Frantz Ward LLP for legal guidance. We have never had a lawsuit involving any client nor subcontractor for disputed work activities, construction claims or scheduling impacts. We pride ourselves on communicating and the agreement of the work scope before the project begins.
Our unique insurance requirements have been guided by Paul Brickenden since our first day in business. Now his team at The Evarts-Tremaine-Flicker Company , working with The Fedeli Group and Zurich, an A rated carrier provide the most comprehensive liability coverage available to the industry. Our broad range of coverage includes General Liability, Contractor’s Pollution and Professional Liability as well as transportation of materials, and protection should mitigation be needed at a disposal site. Extraordinarily, we can obtain policy limits to $100 million upon request protecting our activities truly from “Cradle to Grave”.
Our bonding partnerships have been managed by Bob Weaver of Jackson, Dieken and Associates provided by Great American Insurance Company , an A rated carrier, for over 15 years. Our relationships have provided over $125 million performance bonding to our clients. We have bid specific projects including bonding as large as $30 million.
Our accounting financial data has been audited since 2005 by Chuck Ciuni, Brian Marita, and John Troyer of Ciuni & Panichi CPAs. Further information is available on request.
Financially Strong and Exceptional Safety Record
In 2006 the Ohio Bureau of Workers’ Compensation granted Precision Environmental Retrospective Rating status. The application process includes providing evidence of stringent safety record standards and demonstrating financial strength and stability.
Precision Environmental is one of only 73 employers in the state of Ohio to have been granted Retrospective status. This program was adopted by the organization in 2006, and has proven to be very effective in controlling costs.
While the Retrospective Rating program has proven to be a cost effective program, the overall success of the program is only achieved in conjunction with a company focus on safety, and a dedicated team working to control the costs associated with workers’ compensation. This includes the implementation of a sound program that utilizes a combination of internal procedures when a claim occurs with proactive claims management and cost containment strategies.
“I am pleased to read about Precision Environmental’s 20th Anniversary. I congratulate all of our friends at Precision Environmental on achieving this significant milestone. We are proud to be the bonding company for Precision. We look forward to continuing our mutually beneficial relationship for many years to come.”Gary T Dunbar
Great American Insurance Group