U.S. Refiners Cuts Back on Insurance Due to High Costs

U.S. Refiners Cuts Back on Insurance Due to High Costs

In recent news, U.S. chemical plants and refineries are not paying less for insurance coverage due to the high costs as a result of severe explosions over the past few years. For some refiners who have experienced fires or explosions in the past, insurance rates have increased as much as 100%. These new prices come after recent accidents that include a fire that shut down the Philadelphia Energy Solutions refinery last year, as well as the explosions at Texas petrochemical plants. Even energy companies that have typically bought billions of dollars in insurance are buying less than they have in the past.

What Does This Mean for Workers?

Fortunately, the insurance that refineries and chemical plants buy is mainly to cover property damage and any business that is lost from taking days off. Companies are still expected to have separate insurance for workers’ compensation. If you’ve been injured after a refinery explosion or fire, our lawyers are prepared to determine fault and pursue your earned compensation.

Explosions can often result in catastrophic injuries, including severe burns, that require much more than workers’ compensation can provide. If that’s the case, our lawyers can build a strong case and fight for your rights so that you don’t have to suffer for nothing.

With our decades of experience, we’ve recovered damages for clients that have included:

  • Medical bills, including hospital stays and x-rays
  • Lost wages and income from missing work
  • Long-term medical care or disability treatment
  • Property damage
  • Pain and suffering

Some injuries end up being lifelong and require the kind of treatment that you’re not prepared to pay for. No need to worry – our team is here for you to lean on while we investigate your claim and hold those in power responsible for their negligence.

Millions Won for Our Clients

With over 40 years of legal experience, the lawyers at Goeing Goeing & McQuinn PLLC have what it takes to meet the unique needs of our clients who are experiencing some of the most stressful times of their lives. We’ve recovered millions of dollars for our clients who have been injured, because thought nothing can make up for pain and suffering, we can at least help you to pay your medical bills and hold the negligent responsible for their actions.

Are you the victim of an explosion accident? Our lawyers at Goeing Goeing & McQuinn PLLC can help you through your journey to recovery. Call us at (859) 534-9327, or contact us online. We have the resources and experience needed to successfully advocate for your rights.

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