Oil and Gas Insurance
Alexandria, Corpus Christi, Houston, Lubbock, Shreveport, Waco

Energy keeps the world moving forward. Make sure unforeseen risks don't stop your oil and gas operation.

Oil and Gas Insurance

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Call: (318) 797-2422

Please note: coverage cannot be bound or altered online. A service representative will need to contact you to finalize your request.

What is Oil & Gas Insurance?

Oil and Gas insurance is a subset of the broader energy insurance and is tailored to the fossil-fuel-based Energy Industry. Wherever you are in the production process – whether it’s drilling, completion, production, construction, transportation, or refining – you power the world.

You keep society moving, but you may be slowed to a halt if you’re ever faced with litigation.

You actively work to minimize the chance of a lawsuit by adhering to all safety guidelines and by taking preventative measures, but accidents can still happen. Give yourself a second line of defense with insurance tailored specifically for the oil and gas industry.

What are the insurance risks for oil and gas?

Regardless of your position in the production and distribution process, you face unique oil and gas insurance risks. Examples of these may include:

Mechanical Failure

In recent years, the Oil and Gas Industry has fortunately become safer with the introduction of advanced automation technology. However, automation tech can be very expensive, and if it breaks you might not be able to afford repairs without aid.

Natural Disasters

Natural disasters, such as earthquakes and floods, are one thing you cannot control or prevent. You can take safety measures to mitigate damage done by natural disasters, but you can’t guarantee no damage will occur.

Environmental Damage & Pollution

Pollution can start quietly and without notice. By the time the damage is discovered, groundwater, grazing pastures, and soil can all be severely contaminated.

Transportation

Before oil and gas can be used, they are transported from their place of production to a refinement facility before finally being distributed. Transporting fossil fuels at any stage of production can pose a serious risk if something goes wrong.

Omissions and Errors

If you read the results of a land survey wrong and drill in a spot without any natural gas, you’ve spent money and effort on no return. You are human, and mistakes are natural. But mistakes can be expensive.

Employee Injury and Illness

The oil and gas industry uses a lot of heavy machinery while working with highly flammable substances. When you have workers around heavy machinery and flammable substances, there is always the chance for an accident even when all safety measures have been followed.

How can we help?

We can help by providing services and risk management strategies, such as:

  • Online Service Tracking Portal
  • Pollution Policy Audits
  • Pollution Exposure Assessment
  • Exclusive Excess Arrangements
  • Custom and Proprietary Safety Program
  • Behavior-Based Safety Training
  • Wellness Feasibility, including ROI Assessment
  • Dedicated Workers Compensation Claim Mitigation
  • In-house Loss Control
  • Industry Benchmarking

You can also benefit from our energy insurance resources, including:

  • In-House Certified Industrial Hygienist
  • OSHA 10 Hour Training
  • H2S Training and Refresher
  • ISNetworld Assistance and Compliance
  • Thorough review of MSA's, Safety Procedures, and Employee Handbooks
  • Safety Program
  • Early Return-to-Work Programs
  • Certified Safety Professional
  • Hands-on Site and Facility Risk Review
  • MSA and Regulatory Compliance assistance

As professionals in the field of oil and gas insurance, we make it our business to know you and your concerns. We spend time learning and listening to better serve you, our clients. 

You’ve worked hard to build your business. The next step is to protect it. We’ll assess what your risks are and help you tailor an insurance policy for your business.  

We’d love to chat with you. Contact us today!  

Frequently Asked Questions

  • How can I lower my commercial property insurance premiums?

    You can lower your premiums by improving security measures, such as installing security systems, fire alarms, and sprinklers. Additionally, regularly reviewing your policy and comparing quotes can help you find cost-effective options.

  • Are floods and earthquakes covered under standard commercial property insurance?

    No, floods and earthquakes are typically not covered under standard commercial property insurance. Separate policies are available for these types of coverage.

  • What does commercial property insurance typically cover?

    Commercial property insurance typically covers damage or loss due to fire, theft, vandalism, natural disasters, and more. It includes buildings, equipment, inventory, and outdoor signs.

  • What risks does rafting insurance cover?

    Every rafting insurance policy is unique, meaning every policy premium will also be unique. Because there’s so much variation between rafting businesses, there’s no precise estimate for your premium. However, we can tell you what factors may influence how much you pay.

    • Your business’s location
    • Claims history
    • Size of your operation
    • Number of employees
    • Your chosen deductible
    • Amount of coverage you choose
  • What risks does rafting insurance cover?

    Even if your guests have signed a waiver, you risk a lawsuit or liability claim if something goes wrong on your excursions. We provide coverage solutions for a variety of exposures faced by white water rafting outfitters and guides, including:

    • Equipment rentals
    • Guided water trips
    • Office/facility for rental purchases and instruction
    • Equipment storage areas
    • Transportation to and from the water
    • Food and beverage concessions
    • Instruction
    • Camping
    • Hiking
    • Retail sales
  • What type of rafting insurance do I need?

    The exact coverage you need will vary based on your business’s operations. However, some types of insurance can benefit almost every rafting business.

    • General Liability – Protects your company against bodily injuries, property damage, product damage, and more.
    • Commercial Auto – Even if you use a personal vehicle for work, a personal auto insurance policy doesn’t cover the car while it’s used for work purposes.
    • Watercraft and Boat Liability – Can cover costs for boat repair or replacement, damage to someone else’s property, and medical bills when people are injured.
    • Retail Property Coverage – Offers commercial structures, business personal property, and machinery protection.
    • Inland Marine Equipment Coverage – You can protect stored equipment in an off-site location and any equipment you’re transporting.
    • Workers Compensation – If any employees are injured or become ill on the job, this insurance can cover the payment of their medical expenses, lost wages, and rehabilitation costs.
  • Do I need rafting outfitter and guide insurance?

    Do you rent rafts or give rafting lessons? Do you guide clients across waterways or downriver? Or are you hosting a special event that includes rafting? If yes, you should consider purchasing a rafting insurance policy.

  • What is food manufacturing insurance?

    Food manufacturing insurance covers a wide range of policies available to help protect against the risks faced by food and beverage manufacturers and bakeries. There isn't a single bakery insurance policy that covers your entire range of risks instead, policies are tailored to fit the specific needs of your company! Your business is unique, which means your insurance needs to be unique as well. There are coverage options for every type of food manufacturer or processor you can imagine. Some examples include:

    • Commercial Bakeries
    • Dairy Processors
    • Grain Millers
    • Meat Processors
    • Nut Hullers
    • Pasta Manufacturers
    • Poultry Processors
    • Frozen Food Manufacturers
    • Breweries
    • Confectionaries
  • What is farm and ranch liability coverage? 

    Farm liability coverage is different from general liability coverage, even though they sound very similar. General liability is just that  general. Farm liability can be broken down further into more specific coverages. Here are a few types of specific liability policies available for different agricultural industries. 

    • Farmers Market/Roadside Stand
    • Agritourism/Agritainment
    • Equine Operations 
    • Farm & Agricultural Pollution 
    • Seedmen's Error & Omissions
    • Liquor Liability
  • Who needs family fun center insurance?

    Every family entertainment center can benefit from a customized  insurance policy. If you're wondering whether your business qualifies as a family fun center, the following definition may help. Family fun centers are businesses with games, devices, and attractions designed and manufactured only for the bona fide amusement purposes of the general public. Some examples of businesses and operations covered by family fun center insurance include:

    • Trampoline Parks
    • Obstacle Courses
    • Bowling Alleys
    • Ice Skating Rinks
    • Roller Skating Rinks
    • Miniature Golf
    • Batting Cages
    • Go-Kart Facilities
    • Outdoor Driving Ranges
    • Ride Simulators
    • Escape Rooms
    • Indoor Laser Tag
    • Arcades
  • What does professional liability insurance look like?

    Not every professional liability insurance policy looks the same. Claims-made and occurrence policies are the two most common coverage options. While both give you a second line of defense, they have fundamental differences.

    1. Claims-made policies only cover a claim if both the service or advice was provided and the lawsuit was filed while the policy was active.
    2. Occurrence policies will cover claims that take place during the coverage period, even if the treatment did not occur during the active policy.
  • What does family entertainment center insurance cover?

    Family entertainment center insurance policies generally cover the same things.

    • General Liability
    • Commercial Property
    • Commercial Auto
    • Workers Compensation
  • What does dude ranch insurance cover?

    Guest ranch insurance policies generally cover the same things.

    • General Liability
    • Commercial Property
    • Mobile Equipment Coverage
    • Commercial Auto
    • Crime Coverage
    • Workers Compensation
    • Abuse and Molestation
  • What is captive insurance?

    A captive insurer offers insurance policies created explicitly for a specific industry by a specific industry. Captive insurance is unique because the companies are entirely owned and operated by the insureds.

    Captive insurance agencies are organized and used by insureds when the standard products offered by traditional insurance companies don't meet the risk financing needs of the insureds. While it can be a good alternative insurance option, there are a couple of things to keep in mind.

    1. Those who participate in captive insurance put their own capital at risk
    2. Captive insurance works outside of the commercial insurance marketplace

    Advantages of captive insurance

    • Coverage is often tailored to the exact needs of an industry.
    • Well-established captive insurers have a greater ability to retain risk and protect against rapid fluctuations occurring in the commercial market.
    • Participants have ownership of the company and have a say in business services and decisions.
    • You don't have to pay an overhead covering a commercial insurer's acquisition costs, admin, overhead, and profit.
    • Improve cash flow through reduced insurance costs, insulation from market fluctuations, and more time available for you to spend focused on your business.
    • Insurance programs and policies can be customizable.
  • What does a BOP cover?

    A BOP might be an excellent insurance solutions for your small business because it allows you to get several critical policies within one place. Most offer:

    • Property & Contents Insurance 
    • General Liability Insurance
    • Business Interruption Insurance
    • Cyber liability insurance
    • EPLI coverage
    • professional liability (E&O) coverage
    • D&O coverage

    Let your agent help you decide the right way to obtain this additional coverage.

  • What insurance do bakeries and food processors need?

    The exact coverage you decide on will vary based on your business's needs and risks. However, a few types of food manufacturing and bakery insurance coverage we recommend including the following:

    • General Liability
    • Commercial Property 
    • Bakery Manufacturing Insurance  
    • Bakery Equipment
    • Equipment Breakdown
    • Spoilage Coverage
    • Workers Compensation
    • Commercial Auto
  • How much will haunted house insurance cost?

    The best way to answer this question is, It depends. Your premium will depend on how much risk you're willing to carry, combined with factors that determine how much risk your haunted house faces. Some of these risk-determining factors include:

    • How many attendees your haunted house has per day.
    • Estimated gross sales receipts.
    • Payroll.
    • Whether your haunted attraction is indoors, outdoors, or a combination of the two.
    • Staff and volunteers trained in first aid.
    • Location of the closest medical facility.
    • Number and type of special effects that are used throughout the haunt.
  • What does medical liability insurance look like?

    Claims-made and occurrence policies are the two most common coverage options. While both give you a second line of defense, they have key differences.

    Claims-made policies only cover a claim if both the treatment occurred and the lawsuit was filed while the policy was active.

    Occurrence policies will cover claims that take place during the coverage period, even if the treatment did not occur during the active policy.

  • What does haunted house insurance cover?

    You can buy many types of haunt insurance, but what's included in your policy depends on what you need. Not every haunted house is the same, and your insurance is the same way.

    • General Liability
    • Commercial Property
    • Inland Marine
    • Commercial Auto
    • Workers Compensation
  • How much does hospitality insurance cost?

    Unfortunately, there's no single estimate. You run a unique business with lots of different factors affecting your premiums. These factors include:

    • Your business's location
    • Additional services and activities offered
    • Square footage of your hospitality business
    • Presence of a pool
    • The type of food and drink you serve
    • How long your business has existed
    • Your hours of operation
    • The age of your building
    • Number of employees
    • Type of fire and security systems

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