Cyber Losses in Construction Are on the Rise
Cyberattacks are increasing in the construction industry. These attacks can shut down business operations, cause reputational damage and result in costly litigation and fines.
Hot Work Hazard Prevention for Oil Field Workers
“Hot work” refers to any task that involves burning, welding, or the use of fire- or spark-producing tools, or actions that generate sources of ignition. On an oil job site, there are numerous potential hazards, including well heads, fuel tanks, mud tanks, tank batteries, gas separators, and oil treaters.
Cyber Attack Resilience in Oil and Gas
The energy sector is no stranger to a cyber attack. For many American families and businesses, the most personally disruptive incident in recent memory came in May 2021 with the ransomware attack that shut down the Colonial Pipeline, a major U.S. oil and gas pipeline responsible for supplying nearly half of the East Coast’s petroleum.
Considering the Risks of Wind Energy Projects
As the shift to alternative sources of energy continues to be a topic of utmost relevance, investments in wind energy have become increasingly prevalent. While the energy source receives a great deal of attention, it also entails a complicated combination of risks, both financial and commercial. If you are considering wind farms as a potential investment, take the following factors into account to ensure that you have an ample risk management plan for this complex and largely unexplored territory.
Safe Workplaces are Sound Businesses
Safety is a continuous process of managing risks that are presented to your employees. One example of this is OSHA’s Safe and Sound campaign week. The campaign runs from August 15-21 and is a nationwide event that recognizes the successes of workplace health and safety programs.
Hand and Finger Protection
The risk that hand, wrist and finger injuries pose in health care settings is unique because it is associated with another, more serious risk: that of infection with diseases like Hepatitis B and C or HIV. Even injuries that do not result in infection bear the psychological trauma of waiting for definitive test results.
Active Assailant Preparedness
In recent years, active assailant incidents have become a growing concern across the United States. Most recently at an elementary school in Uvalde, Texas, a doctor’s office at Saint Francis in Tulsa, Oklahoma, and at a 4th of July Parade in Highland Park, Illinois.
Inland Marine Losses
Equipment losses are on the rise and this affects most contractors directly or indirectly. Specifically, Inland Marine carriers are reporting upticks in losses of mobile equipment each year. Items such as skid steers, mini excavators, trailers, hand tools and GPS systems have become prime targets for thieves. In addition, equipment losses from fire have seen a substantial increase in total claim dollars.
Oklahoma Oil & Gas Businesses Receive Cost Credits Through EnergyComp Program
EnergyComp powered by INSURICA is a workers’ compensation program from CompSource Mutual, designed exclusively for Oklahoma’s oil and gas industry. EnergyComp is committed to helping all Oklahoma energy businesses improve their risk profiles and receive credit for the investments they make in building strong safety cultures.
Prevent Slips, Trips and Falls in the Workplace
For most people, work can be both challenging and demanding. Meeting challenges can promote growth and increase resiliency for employees and organizations. However, demands and challenges may also result in high stress, which can be costly.