oil insurance company: Finding Insurance For Oil Spill Cleanup
Insurance mandate, the government will prevent a large number of contractors involved in cleaning up oil spills in the Gulf of Mexico oil and BP.
To that end, MarketScout said it has developed a program called cleanup of oil spills and editing (Oscar) to assist contractors in obtaining a policy.
"Insured, most do not provide insurance coverage needed and many people do not fear the death of a leak this," said Richard Kerr, chief executive of MarketScout exchange, insurance agents, retailers, independent. mostly.
"There are people sitting on the sidelines because they can not get hired because they need the insurance," Mr. Kerr said.
Contractors are required to purchase pollution liability and workers in a government mandate 'compensation coverage under the workers' Harbor. Longshore 'Compensation Act (USL & H).
"There are a limited number of providers willing to take a look at this risk, especially for new customers and how they can vary by provider," said Iain Greenway, chairman of the lig Manager Marine Inc, wrote in a blog.
Such action, which has been extended over time because the case law to the benefit of those who are employed in maritime employment on navigable waters or adjoining areas.
The complicating, many insurance companies do a light on the basis of a particular state. Policies that do not work in countries affected by the spill.
"In this case, the document is to slow down the process of cleaning, since the contractor has not been out there," Mr. Kerr said. "We tried to make a one-stop solution for them to get the information they want.".
MarketScout said four leading energy company involved in the Oscar to USL & H, general liability, marine hull, liability, workers' compensation, automobile, excess liability and property
To that end, MarketScout said it has developed a program called cleanup of oil spills and editing (Oscar) to assist contractors in obtaining a policy.
"Insured, most do not provide insurance coverage needed and many people do not fear the death of a leak this," said Richard Kerr, chief executive of MarketScout exchange, insurance agents, retailers, independent. mostly.
"There are people sitting on the sidelines because they can not get hired because they need the insurance," Mr. Kerr said.
Contractors are required to purchase pollution liability and workers in a government mandate 'compensation coverage under the workers' Harbor. Longshore 'Compensation Act (USL & H).
"There are a limited number of providers willing to take a look at this risk, especially for new customers and how they can vary by provider," said Iain Greenway, chairman of the lig Manager Marine Inc, wrote in a blog.
Such action, which has been extended over time because the case law to the benefit of those who are employed in maritime employment on navigable waters or adjoining areas.
The complicating, many insurance companies do a light on the basis of a particular state. Policies that do not work in countries affected by the spill.
"In this case, the document is to slow down the process of cleaning, since the contractor has not been out there," Mr. Kerr said. "We tried to make a one-stop solution for them to get the information they want.".
MarketScout said four leading energy company involved in the Oscar to USL & H, general liability, marine hull, liability, workers' compensation, automobile, excess liability and property
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