Insurance for Drilling Contractors in the Oil and Gas Industry

Oil and gas drilling contractors face unique and dangerous risks every day. Travelers has been protecting drilling contractors for over two decades, offering specialized coverage solutions that can help drilling contractors protect their employees, their equipment and ultimately their business viability.

Drilling contractors are typically hired by well operators to perform drilling operations at a well site. Their responsibilities can include installation of well casing, completion of wells to prepare for oil or gas production, hydraulic fracturing, and cementing of wells for further drilling or abandonment. These activities require insurance to protect equipment, machinery, the safety of third parties and the contractor’s most valuable asset ‒ its employees. Drilling contractors need a specialized commercial general liability policy to provide protection for sudden and accidental pollution incidents which cause bodily injury or property damage to a third party. A Control of Well policy can provide coverage for well-out-of-control events, such as a blowout, and can help cover some of the costs and expenses associated with bringing a well back under control and pollution cleanup.