Rotating Equipment Loss Prevention - An Insurer's Viewpoint.

Abstract

Accidents involving rotating equipment in chemical, petrochemical, petroleum, and gas plants can result in damage to other process equipment and catalysts along with lost production. Conversely, process upsets, process instrumentation failure, or failures of other process equipment can result in damage to rotating equipment. An effective rotating equipment loss prevention program will be an integral part of an effective plantwide loss prevention program, since all aspects of plant operation and maintenance affect rotating equipment. Specific rotating equipment loss prevention recommendations of the chemical, oil, and gas business unit of one insurance company are presented. Rotating equipment loss statistics of one insurance company are also presented.