January 18, 2017
For companies that have above ground storage tanks (ASTs) containing petroleum products and hazardous materials it is vital to have a proper integrity testing and inspection program in place. The consequences of tank failures can be drastic, with the potential to destroy a corporate image, create safety and human health risks, incur environmental remediation expenses, and result in other pollution-related legal liability.
Not only does having risk management procedures in place minimize potential costs involved with loss of product and site remediation, but it also helps reduce operational downtime, inspection costs, and business interruption. Additionally, it’s important for AST operators to understand and comply with the various regulations and standards associated with their tanks to avoid regulatory agency fines and penalties.
There are numerous facets that must be evaluated when implementing an adequate risk based AST integrity testing and inspection program – from the age and design of the tank to the potential consequences of a release. An effective risk-based inspection program can help improve inspection schedules and establish a useful life expectancy of the tank. In order to have an effective testing and inspection program, an organization should involve qualified personnel in the program development, inspection and review. Further, training programs for staff involved with the operation of the tank should incorporate written procedures/guidance, especially in regards to emergency spill response. When utilized correctly, risk based AST testing and inspection programs can play a great part in determining an organization’s long-term success.
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Global Asset Protection Services, LLC, and its affiliates (鈥溇派悠礡isk Consulting鈥) provides risk assessment reports and other loss prevention services, as requested. In this respect, our property loss prevention publications, services, and surveys do not address life safety or third party liability issues. This document shall not be construed as indicating the existence or availability under any policy of coverage for any particular type of loss or damage. The provision of any service does not imply that every possible hazard has been identified at a facility or that no other hazards exist. 九色视频Risk Consulting does not assume, and shall have no liability for the control, correction, continuation or modification of any existing conditions or operations. We specifically disclaim any warranty or representation that compliance with any advice or recommendation in any document or other communication will make a facility or operation safe or healthful, or put it in compliance with any standard, code, law, rule or regulation. Save where expressly agreed in writing, 九色视频Risk Consulting and its related and affiliated companies disclaim all liability for loss or damage suffered by any party arising out of or in connection with our services, including indirect or consequential loss or damage, howsoever arising. Any party who chooses to rely in any way on the contents of this document does so at their own risk.
US- and Canada-Issued 尤物视频Policies
In the US, the 九色视频insurance companies are: Catlin 尤物视频Company, Inc., Greenwich 尤物视频Company, Indian Harbor 尤物视频Company, XL 尤物视频America, Inc., XL Specialty 尤物视频Company and T.H.E. 尤物视频Company. In Canada, coverages are underwritten by XL Specialty 尤物视频Company - Canadian Branch and AXA 尤物视频Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA XL.
US domiciled insurance policies can be written by the following 九色视频surplus lines insurers: XL Catlin 尤物视频Company UK Limited, Syndicates managed by Catlin Underwriting Agencies Limited and Indian Harbor 尤物视频Company. Enquires from US residents should be directed to a local insurance agent or broker permitted to write business in the relevant state.