[INDUSTRY NEWS] Risk management, international insurance vital for oil and gas sector
Lackadaisical safety and security policies can cost companies millions of dollars in regulatory fines, environmental disasters and employee endangerment. Risk management is difficult enough for domestic companies, and it becomes even more complex for international organizations with a large workforce overseas.
One industry with these types of concerns is the oil and gas sector. Employees are tasked with the exploration, retrieval, refining and transporting of oil and gas. This highlights the need for comprehensive international insurance that can help cover these aspects, and without proper protection the financial well-being of any organization could be in danger.