Insurance for the Oil and Gas Industry
The oil and gas industry is constantly evolving – and so are the exposures. From operators and drillers, to service contractors and manufacturers of related parts and products, there are unique risks at every stage of the oil and energy process. With so many years serving this industry, Travelers has developed the specialized expertise, products and services that can help oil and gas companies protect their employees, business and assets, and ultimately their long-term viability.
A History of Service to the Oil and Gas Industry
Travelers is a recognized leader in the oil and gas industry, with more than 20 years serving oil and gas customers. Our underwriting, claim and risk control professionals focus exclusively on the oil and gas industry. In fact, some come directly from jobs in the oil and gas industry. We have a deep knowledge of the complex challenges and risks that could threaten the safety of your employees and the success of your operation. With Travelers, you’ll have the products, services and expertise you need to help manage risk and avoid accidents, as well as the support and resources to help you recover should a loss occur.
Travelers Oil & Gas Products
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What Specialized Coverage Is Needed in the Oil and Gas Industry?
Businesses operating in the oil and gas industry typically need a combination of specialized property, inland marine and commercial general liability coverages that are designed to address the unique risks presented by oil and gas operations. A property or inland marine policy can cover damage to buildings, rigs, drilling equipment, storage tanks and more. A commercial general liability policy provides coverage for occurrences that cause bodily injury, property damage, personal injury or advertising injury to a third party, including to persons or property of others on your premises or at your equipment yards or work sites. It can also cover certain pollution-related bodily injuries and property damage, as well as certain limited pollution costs incurred for a sudden and accidental pollution incident.
Insights & Expertise
Having a comprehensive contractual risk transfer (CRT) program can be a critical component in managing risks in the oil and gas industry.
Having well-documented policies can help companies safely and efficiently onboard employees.
Workforce Advantage is Travelers’ comprehensive approach to managing workers compensation. It involves attracting and hiring candidates, onboarding and training and supporting and engaging employees.
The Workforce Pressure Test can help determine if you are doing enough to help ensure your employees are skilled, safe and resilient.