Oil & Gas Insurance
The oil and gas industry is constantly evolving. That means so are your exposures and an Oil & Gas Insurance policy is extremely important to mitigate those risks. From drilling operations and service contractors to manufacturers of related parts and products, there are unique risks at every stage of the process.
No matter how big or how small your operation is, if your business serves in this sector, we can help create peace of mind with the right coverage for your needs so you can focus on your job. Our advisors understand what coverage is needed for businesses involved in drilling, lease sit preparation, oilfield consulting, welding, industrial first aid, seismic and more.
What Does Oil & Gas Insurance Mean?
Oil and Gas Insurance is an insurance policy that covers human life, the environment and property from any accidents and oil and gas organization activities. The oil and gas industry consists of series of procedures, chemical reactions and harsh and difficult working conditions which tend to increase the risk to cost-intensive property, human life and environment. Thus, the industry needs to be insured to cover certain proportion of the liability in case of any accidents.
The oil and gas industry poses unique risks at every stage of the production process, and oil and gas insurance provides various plans to cover up the risks of an organization operating in all the three segments of the oil industry. It also helps in protecting the cost-intensive infrastructure, employees, physical assets, etc., and thus helps in long-term viability of any oil and gas operating organization.
Our risk discovery approach and analytical process allow us to develop risk management plans that ensure your business is operating in full capacity as soon as possible after a loss. This multi-step process allows us to understand your business in-depth; ensuring you, your family, and employees to have peace of mind knowing a plan is in place.
Oil & Gas Insurance coverages to consider:
Operator’s Extra Expense
Directors & Officers Liability