Oil Spill Cleanup Delayed Due to Contractor Insurance Requirements

Deepwater Horizon Gulf of Mexico Oil Spill

Many contractors stand ready to help save the Gulf of Mexico, but rigid insurance requirements are thwarting their efforts. Contractors are required to purchase specific liability, pollution and federally mandated workers' compensation coverages designed for employees working on, around or near waterways. To aid contractors with the requirements, MarketScout has developed OSCAR (Oil Spill Cleanup and Remediation) to provide a comprehensive insurance solution for contractors working to clean the British Petroleum oil spill. Four leading energy insurance companies are participating in OSCAR. MarketScout is the manager and founder of OSCAR.

According to Richard Kerr, MarketScout’s Chief Executive Officer, "Many contractors strive to help the BP cleanup; but, federal insurance statutes require complex insurance policies not available from most insurers. Oil spill cleanup contractors must show proof of insurance with policies designed to provide pollution, third party liability and federally mandated workers' compensation coverages. These insurance requirements slow down the process of getting contractors for these jobs. The more quickly oil is cleaned the more quickly the Gulf Coast economy will recover and less likely our beautiful wetlands and beaches will be soiled. Contractors now have a one stop solution for adhering to the federally-mandated insurance provisions."
 

More info on the Deepwater Horizon Gulf of Mexico Oil Spill

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

Deepwater Horizon Images
In Situ Burn Training Deepwater Horizon in Flames (Apr 20) Crewmen aboard the motor vessel Deepwater Horizon Sinking (Apr 22)
Workers Respond to Oil Spill Deepwater Horizon in Flames (Apr 20) Workers at A Decontamination Site Macondo BOP Stack
71 more images view image library


From the Career Center
Jobs that may interest you
Intelligence & Risk Assessment Analyst
Expertise: Legal|Risk Management
Location: San Ramon, CA
 
Substation Compliance (PRC) Analyst Job
Expertise: Business Analyst|Regulatory Compliance
Location: Denver, CO
 
Land GIS Spatial Analyst - Mineral Land
Expertise: Contracts Engineer|Geologist|Lease Analyst
Location: Denver, CO
 
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours