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Nashville 2018 Construction Monthly

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COVERAGE AND THE<br />

HAZARDOUS<br />

INDUSTRIES<br />

HAZARDOUS WASTE STORAGE<br />

AND DISPOSAL FACILITIES<br />

INSURANCE COVERAGE<br />

The US Environmental Protection Agency is also referred to<br />

as the EPA. It stipulates that owners and operators of hazardous<br />

waste treatment, storage and/or disposal services<br />

are required to have either related insurance or present<br />

financial papers that prove they have the ability to pay for<br />

third party damages caused by sudden accidents or damages<br />

that occurred from a non-sudden accident hazardous material<br />

occurrence.<br />

The United States Department of Transportation is also<br />

known as the DOT. Its MCS-90 endorsement is a mandated<br />

requirement by the US Motor Carrier Act and is incorporated<br />

when found to be necessary.<br />

Hazardous Waste insurance protects businesses that are<br />

engaged in generating, processing, transporting or disposing<br />

of related waste. Varying coverages include:<br />

• General Liability<br />

• Commercial Auto Liability<br />

• Workers Compensation<br />

• Umbrella Liability<br />

• Commercial Property Liability<br />

Of particular note is that commercial general liability typically<br />

includes high limits and a broad range of deductibles.<br />

By design, the coverage incorporates all compulsory EPA or<br />

individual state vernacular by endorsement and certificate<br />

and is accessible from the providing insurance underwriters.<br />

Of course, each commercial enterprise has its own specific<br />

protection needs. It is therefore essential to speak to an<br />

insurance professional about the differing affected variables.<br />

Together, you and your broker will outline a plan of requirements.<br />

Once this has been done, the independent agent that<br />

works with a wide network of leading insurance companies<br />

can do the shopping to locate a tailored program at the most<br />

competitively priced premium.<br />

For more on insurance related to the hazardous industries,<br />

consult with a knowledgeable independent insurance agency.<br />

HAVE A PRIME DAY! PRIME Insurance is an experienced<br />

award-winning independent agency. Winner of numerous<br />

industry-awards and recognized for its excellence by being<br />

appointed to do direct business with scores of the leading<br />

insurance companies, PRIME scouts its network to find customized<br />

policies at competitively lowest quotes.<br />

Article Source: http://EzineArticles.com/expert/M_Wyzanski/2158115<br />

Article Source: http://EzineArticles.com/9862477<br />

SPECIAL NASHVILLE SHOW EDITION <strong>2018</strong> 35

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