Financial Obligations Under Longshore Act

This notice from the Department of Labor clarifies financial obligations for employers and insurers under the Longshore and Harbor Workers' Compensation Act (LHWCA). It reiterates requirements for maintaining financial security, including self-insurance, to cover potential compensation claims. The notice aims to ensure that entities subject to the LHWCA have adequate financial arrangements in place to meet their obligations to injured workers.

Regulated entities, particularly employers and insurers operating under the LHWCA, should review their current financial security arrangements to ensure compliance with the clarified obligations. While this notice does not introduce new requirements, it serves as a reminder of existing responsibilities. Failure to maintain adequate financial security could lead to penalties or operational disruptions. No specific compliance deadline is mentioned, as it pertains to ongoing obligations.