Assertion

Insurance companies provide risk engineers or inspectors to assess their risks. All large industrial company’s usually have an even higher level than the insurance companies.

In fact, insurance premiums are usually based on an assessment of the risk of an event occurring after an insurance engineer has reviewed the factors. In individual cases, there may be more mitigation options and fewer fixed or mobile protection systems. Insurers and federal agencies will also always make recommendations for loss prevention improvements.

If insurers determine that the risk is too high, they may refuse to cover certain parts of the insurance or demand significantly higher premiums for their reinsurance.

Security standards for protecting process industries like m main industry standards and their implementation are e.g.

Ø API Recommended Methods

Ø NFPA fire codes

Ø CCPS guidelines

Ø DHS/DOD guidelines

Ø FEMA/CISA guidelines

Ø FBI/NSA guidelines