Industry Code: 42156
Businesses in this industry erect or dismantle petroleum or water storage tanks most often in the oil and gas sector.
Operation Details:
The erection or removal of these tanks is done with lifting equipment such as cranes, and other equipment required such as welders or cutting torches. Some site grading and levelling is required prior to installation, and incidental concrete work for the base is permitted. This industry includes levelling activity required after a tank settles.
Businesses may utilize cranes, scaffolding, welders, handtools, trucks, and may employ ironworkers, welders, laborers, technicians, sales/estimators, office/administration staff.
All employers in this industry are members of the Alberta Construction Safety Association (ACSA). Safety associations represent the interests of employers and promote workplace safety through education and other initiatives. Improved workplace safety can result in fewer claims and help lower premiums. A portion of premiums collected is allocated to the association to support these initiatives.
Underwriting Considerations:
Installation of large stationary plant machinery and equipment is classified in industry 42109.
Industry Custom Pricing: Modified Experience Rating
This industry has chosen to participate in Industry Custom Pricing effective January 1, 2016. For employers participating in the Experience Rating Plan for Large Employers, the following experience rating features will be used in determining their premium rate:
- Maximum discount or surcharge of 60%
- Participation rate of 1% for every $2000 in premiums
- Maximum participation of 100%
- Maximum experience used of 100%
Premium Rate History:
Activities:
Demolition or Wrecking of Storage Tanks
Tanks, Storage - Erection or Dismantling
Storage Tanks - Erection or Dismantling
Rate Group History:
This classification was placed in rate group 411901 effective 1997, after research concluded many industrial general contractors were active in tank erection.
Businesses in this industry erect or dismantle petroleum or water storage tanks most often in the oil and gas sector.
Premium Rate History:
Activities:
Demolition or Wrecking of Storage Tanks
Tanks, Storage - Erection or Dismantling
Storage Tanks - Erection or Dismantling
Operation Details:
The erection or removal of these tanks is done with lifting equipment such as cranes, and other equipment required such as welders or cutting torches. Some site grading and levelling is required prior to installation, and incidental concrete work for the base is permitted. This industry includes levelling activity required after a tank settles.
Businesses may utilize cranes, scaffolding, welders, handtools, trucks, and may employ ironworkers, welders, laborers, technicians, sales/estimators, office/administration staff.
All employers in this industry are members of the Alberta Construction Safety Association (ACSA). Safety associations represent the interests of employers and promote workplace safety through education and other initiatives. Improved workplace safety can result in fewer claims and help lower premiums. A portion of premiums collected is allocated to the association to support these initiatives.
Underwriting Considerations:
Installation of large stationary plant machinery and equipment is classified in industry 42109.
Industry Custom Pricing: Modified Experience Rating
This industry has chosen to participate in Industry Custom Pricing effective January 1, 2016. For employers participating in the Experience Rating Plan for Large Employers, the following experience rating features will be used in determining their premium rate:
- Maximum discount or surcharge of 60%
- Participation rate of 1% for every $2000 in premiums
- Maximum participation of 100%
- Maximum experience used of 100%
Rate Group History:
This classification was placed in rate group 411901 effective 1997, after research concluded many industrial general contractors were active in tank erection.