ART (Alternative Risk Transfer) covers non-traditional risk financing options outside standard insurance, such as captives or self-insurance pools. Subcontractors use ART programmes to manage liability exposure when conventional coverage is unavailable or too costly. Common in high-hazard field operations where standard insurers may decline coverage.
Alternative Risk Transfer
Related Terms
Methane Emissions Inventory
ComplianceA documented record of all methane releases from equipment and operations on a worksite. Subcontractors may be required to contribute data or maintain their own inventory to meet operator or regulatory reporting obligations. Accurate records help avoid penalties and support contract compliance.
Fall Arrest System
CompliancePersonal protective equipment that stops a worker mid-fall before hitting a lower level or surface. Typically includes a full-body harness, lanyard, and anchor point. Subcontractors must ensure equipment is inspected, certified, and meets provincial OH&S regulations before workers use it on site.
Order-In-Council
ComplianceA federal or provincial regulation passed by cabinet without a full legislative vote. For subcontractors, these can quickly change environmental rules, project approvals, or labour requirements on active job sites. Monitor them closely, as non-compliance can halt work or void contracts.
Fixed Ladder
ComplianceA permanently mounted ladder attached to a structure, vessel, or facility used to access elevated work areas. Subcontractors must ensure fixed ladders on their worksites meet provincial and federal safety standards before crews use them. Inspect for damage, proper cage guards, and fall arrest anchor points before starting elevated work.
Exclusion Zone
ComplianceA clearly marked area on a worksite where only authorised personnel are permitted to enter. Subcontractors must identify and respect these boundaries before mobilising crews or equipment. Violations can result in stop-work orders, fines, or removal from site.
Asme Section Viii
ComplianceThe ASME (American Society of Mechanical Engineers) code governing the design, fabrication, and inspection of pressure vessels. Subcontractors working on pressure vessels must ensure equipment bears the ASME stamp, confirming code compliance. Non-compliant vessels can trigger work stoppages and liability issues on site.
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