WHITEPAPER HELPS ENERGY COMPANIES CONTROL TOTAL RISK COSTS BY DETAILING WAYS TO BETTER MANAGE OCCUPATIONAL DISEASE EXPOSURE
February 16, 2016 - To help energy companies better control their total cost of risk, Liberty Mutual Insurance posted an online whitepaper highlighting proven ways for reducing risk from the leading occupational disease exposures facing the energy industry.
Occupational disease exposures can result in more expensive workplace injuries, large fines from the Occupational Safety & Health Administration, and negative publicity that can threaten a company’s operations.
“Given the oil and gas industry’s reliance on heavy equipment and hazardous materials, preventing occupational disease is an important part of managing risk for energy companies,” notes Matt Waters, Chief Underwriting Officer of Liberty Mutual’s Specialty Energy operation. “And that starts with managing exposure to the materials that may make oil and gas workers ill, such as volatile organic compounds, silica, diesel exhaust, noise and naturally occurring radioactive material.”
Liberty Mutual’s Occupational Diseases Exposures in the Oil and Gas Industry: Bringing Safety to the Surface whitepaper describes each of the five leading occupational disease exposures facing energy companies, reviews how employees might encounter each, and summarizes ways to reduce each exposure.
Reducing occupational disease exposure is so important for energy companies that Alex Beaver, a Houston-based underwriter with Liberty Mutual Specialty Energy, was selected to present this topic at the upcoming Insurance Risk Management Institute Energy Conference in Houston.
About Liberty Mutual Insurance
Liberty Mutual Insurance helps people preserve and protect what they earn, build, own and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.
In business since 1912, and headquartered in Boston, Mass., today Liberty Mutual is a diversified insurer with operations in 30 countries and economies around the world. The company is the third largest property and casualty insurer in the U.S. based on 2013 direct premium written as reported by the National Association of Insurance Commissioners. Liberty Mutual is ranked 78th on the Fortune 100 list of largest corporations in the U.S. based on 2014 revenue. As of December 31, 2014, the company had $124.3 billion in consolidated assets, $104.0 billion in consolidated liabilities, and $39.6 billion in annual consolidated revenue.
Liberty employs more than 50,000 people in approximately 900 offices throughout the world, and we offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products.
You can learn more by visiting www.libertymutualinsurance.com
