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OIL & GAS INDUSTRY GROWING INSURANCE OPPOR... and Tenders Well Drillers/Servicing ...

... fire department OSHA - Occupational Safety and Health Administration Numerous workers safety regulations including emergency response preparedness, OSHA (29 CFR 1910.120) requires the business to have the incident Command System in place, its employees properly trained, equipped and responsive to the hazardous incident OPA - Oil Pollution Act of 1990 under the authority of the EPA Along with the Department of Transportation Marine Pollutant regulations (49 CFR) have expanded responsibilities and liabilities related to hazardous incidents and spills on navigable water DOT - Department of Transportation (49 CFR 130) Now requires ... . Even when logical, proven risk and insurance management techniques and effective loss control activities are utilized, crises must still be anticipated. Many major organizations devote from one to ten percent of gross revenue to annual expenses of insurance purchasing, risk funding and loss control as well as internal and external risk management administrative activities. In addition there are significant capital expenditures in the risk management and loss control arena which are seldom considered as segments of crisis exposure mitigation. A few examples include automatic sprinkler systems, building code compliance and duplicate MIS ... Plan Legal Considerations SEC - Securities and Exchange Commission SEC Staff Accounting Bulletin No. 92 (SAB 92), June 1993, requires all companies whose shares are traded on U.S. Stock Exchanges to: 1. Quantify and disclose best estimates of contingent product and environmental liability 2. Explain the basis for estimates and describe any uncertainties in annual and quarterly reports filed with the SEC TSCA - Toxic Substance Control Act of 1976 Requires educating employees for their reporting of exposure and, if employees are dissatisfied with employers procedures and conclusions, the ...

...ve to the hazardous incident OPA - Oil Pollution Act of 1990 under the author...porting 3,500 gallons of any petroleum oil and any facility with tanks of 42,0...