Tampa Construction Monthly 2018

Insurance Coverage and the
Hazardous Industries
BY M WYZANSKI
Workers Compensation from the providing insurance
companies is more concerned about the
severity of injuries than the frequency of injury
occurrence. Underscoring the concept is the
requirement for all policyholders to institute a
sound risk management program so that injuries
and seriousness of injuries can be prevented or
minimized.
What businesses are offered
this type of coverage? The following
are included among other
enterprises:
• Logging Companies
• Trucking Corporations
• Agriculture produce and servicing businesses
• Oil or Gas Suppliers
• Maritime Operations
• Some Manufacturing Companies
• Construction Contractors
• Hazardous Material Hauler Insurance Coverage
34 CONSTRUCTIONMONTHLY.COM
Hazardous material haulers need this kind of tailored coverage.
The Motor Carrier Coverage Insurance Form is generally used for
commercial auto liability and commercial physical damage. Nonetheless,
modifications to the general liability business coverage
can be made so that specific pollution exposures can be provided.
The MCS-90 endorsement is for hazardous materials can be offered
as well, as per the Motor Carrier Act.
Hazardous Waste Storage and
Disposal Facilities Insurance
Coverage
The US Environmental Protection Agency is also referred to as
the EPA. It stipulates that owners and operators of hazardous
waste treatment, storage and/or disposal services are required
to have either related insurance or present financial papers that
prove they have the ability to pay for third party damages caused
by sudden accidents or damages that occurred from a non-sudden
accident hazardous material occurrence.
The United States Department of Transportation is also known
as the DOT. Its MCS-90 endorsement is a mandated requirement
by the US Motor Carrier Act and is incorporated when found to
be necessary.