Filed Under:Agent Broker, Commercial Business

Companies Like West Fertilizer Should Carry Ample Liability Coverage: Testimony

Hazardous chemical operations should carry insurance for a worst-case scenario, an industry consultant has testified before Congress in outlining a host of critical issues exposed by the West Fertilizer plant explosion in April.

Amongst the problems is that while West Fertilizer had $1 million in liability insurance, the cost of the disaster could reach as high as $230 million, according to Rafael Moure-Eraso, chairman of the U.S. Chemical Safety Board.

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