Oil and Gas Insurance
Clovis, Mesilla, Silver City, Truth or Consequences

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

• Do truckers need general liability insurance? 

  General liability insurance is different from trucking liability insurance. They sound similar but cover very different things. You don't need it like you need trucking insurance, but it's still very beneficial coverage to have.  With general liability insurance, you cover things associated with business, not trucking or transportation themselves. A couple of these coverages include: 

  • Bodily injury and property damage that occurs due to a covered incident. 
  • Personal or advertising injury. 
• What does trucking insurance cover? 

  Every trucking insurance policy is a little different from the rest based on your or your company's needs. That said, there are several common coverages you can include when building your trucking liability insurance policy.

• How much does trucking insurance cost? 

  Your commercial trucking insurance premium can vary a lot from someone else's, even if you're in similar situations or have similar policies. Some factors that affect premiums include:

  • The type(s) of vehicles you're insuring.
  • How far vehicles are traveling per year.
  • Types of cargo. Drivers' driving records.
  • The location of your center of operations.
  • Standard operating radius.
  • How you store the vehicle(s).
  • Amount of coverage you opt for.

  As commercial trucking insurance professionals, we strive to know you and your worries. We spend time listening and learning to serve you better and help you find solutions. You've worked hard to build and promote your trucking operation. The next step is to protect it. We'll assess your risks and help you tailor an insurance policy. We'd love to chat with you. Contact Leavitt Group Southwest today!

• Not sure which of these coverages is right for your construction firm?

  Our staff provides accurate and timely delivery of certificates of insurance. We also provide assistance and reviews of certificates and risk transfers. With our understanding of the design and administration of wrap-ups, we can help contractors navigate the construction defect litigation landscape. Our tailored risk management solutions enable contractors to respond to market fluctuations and better predict future costs.

• Who needs construction insurance?

  If you're in a construction business you should always have commercial insurance. Many businesses are required by their clients to carry specific coverages before they can work for them. Businesses involved in construction work often specialize in trades like:

  • Excavation
  • Home Improvement
  • Land Clearing
  • Remodeling
  • Home Building
  • Asphalt Laying
  • Welding
  • Fence & Deck Building
  • Concrete Laying
  • Stone & Granite Work
  • Roofing