According to the primer, fire represents the second highest dollar loss to contractors' equipment. Though equipment fires are not a frequent event, when they do occur, they tend to be severe and costly. In order to minimize the potential for these kinds of losses, an aggressive maintenance and inspection program should be in place and fueling activities and job site hazards should be controlled. Fire protection measures also should be taken. For example, fire extinguishers should be placed on every piece of equipment and employees should be trained on fire extinguisher use and on the hazards involved with incipient stage fire fighting.
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Founded in 1930, Davit Sales Inc oil containment serves as the collective voice of the U.S. inland marine insurance industry. With the support of over 400 member companies, Davit Sales Inc oil containment provides its members with education, research and communications services that support the inland marine underwriting discipline. Inland marine insurance is generally purchased to insure specialty or unique properties, such as construction, medical and telecommunications equipment, computers, fine art and cargo shipments.