OIL & GAS EXPLORATION & EXTRACTION
OIL & GAS INSURANCE COVERAGE
Oilfield Contractors: Roustabout contractors, pipe/flowline contractors, site prep contractors, site construction contractors, electrical Contractors, soil remediation contractors, and salt water haulers.
Oilfield Consultants: “Landmen,” water consultants/brokers, company ‘eyes and ears’ consultants, health and safety training consultants, equipment rental, manufacturer’s representatives, etc.
Oilfield Product Manufacturers: Fittings, pipes, gaskets, valves, chemicals (including blending), pressure vessels, tanks (pressurized, frac, or otherwise).
Oilfield Sites: Saltwater disposal wells, contractor’s yards, well schedules, pipelines (of all kinds), above & below ground storage tank farms, blending facilities, etc.
Insurance Coverages
A.M. Best A+ Rated Carriers
General liability
Pollution liability
Pollution clean up
Control of well
Auto
Property and inland marine
Crime
Workers compensation
Rigs and equipment
Who Needs This Coverage:
Drilling contractors
Manufacturers
Midstream companies
Operators and non-operators
Service contractors
Suppliers
Oil & Gas Commercial General Liability
Commercial Liability Insurance
Bodily injury and property damage sustained by third parties arising out of your work or operations.
Personal injury sustained by third parties caused by certain offenses such as false imprisonment, malicious prosecution or wrongful eviction.
Advertising injury sustained by third parties caused by certain offenses such as libel, slander or copyright infringement.
Medical expenses incurred by third parties for bodily injury caused by an accident on your property or because of your operations.
Limited pollution costs that you voluntarily incur or are legally obligated to incur, or that are incurred by others and that you are legally required to pay, arising out of your oil or gas operations.
Additional Benefits
Occurrence-based coverage for pollution-related bodily injury and property damage, including for above-ground and below-ground sudden and accidental pollution incidents.
Includes a full 30-day knowledge period and 90-day reporting period for sudden and accidental pollution incidents.
Contractual liability coverage, for pollution-related bodily injury and property damage and other claims, with provisions for third-party-over action and pass-through indemnity claims, and for certain joint operating agreement expenses assumed by nonoperators
Rigs and Equipment Coverage
Coverage for additionally acquired property
Pollutant cleanup and removal
Debris removal
Preservation of property
In-hole salvage expenses
Additional specialized options to meet your needs include
Suspension (“layup”) coverage offers a reduced premium for rigs and equipment that are not in use.
Flood or earthquake coverage.
Replacement cost coverage without deduction for depreciation.
Agreed value coverage that can provide up to the dollar value of the policy agreed upon by you and Travelers for a total loss.
Control of Well Coverage