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Title: Insurance Considerations - Supplemental Natural Gas Plants
Author: Norman L. Ellison
Source: American Gas Association 1977
Year Published: 1977
Abstract: Supplemental natural gas plants, like any other major project, present areas of loss potential. It is important that these be considered at an early date, determining the specific areas of risk that will exist, how these risks should be cared for - self-insurance, purchase of insurance or a combination - and, thirdly, who should be responsible for bearing this risk. Decisions on these points should be made at an early date, certainly prior to contracts being let, so taht all parties involved will know which of the risks will be theirs so that they can care for them in an acceptable manner. The exposure to loss can vary greatly during the design phase, the construction and testing phases, and ultimately at the final phase of commercial operation. My remarks today will outline some of the more important risks that should be considered during the various phases.




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