This is an insurance system designed to be energy companies, working in power plants, chemical plants, oil refineries, nuclear power plants, wind farms and Offshore Public Liability .
Coverage is available for contractors who work either independently or under their own Limited Company. The policy covers both England and Europe Offshore, USA / Canada (including the Gulf of Mexico) at sea and in the world. Coverage is available for companies based in England, Channel Islands and Isle of Man, or individuals pay their taxes in England, Channel Islands and Isle of Man.
The wording of the policy was expanded specifically to fit into the insurance requirements of oil and gas sector, for example, extensions that are included in addition to any normal employers and public liability policy. This will include:
Hold harmless agreements
Provision of an agreement under which one or both parties agree not to the other party responsible for any loss, damage or Offshore Liability
Waiver of subrogation in the policy
Certificate of Eligibility for the line, where the insurance company waives its right to take action to third parties the damages suffered by the insured
Covering corporate manslaughter
Corporate manslaughter, the company can be punished and sentenced for negligent use, which leads a person to death. Corporate Manslaughter is punishable by law in England.
Caunce O’Hara & Company Ltd
Offshore Public Liability | Offshore Liability
from: http://www.web2puntoamor.com/liability-and-offshore-public-liability/
