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.

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Core insurance offerings

Travelers is a leader in the oil and gas industry, with more than two decades serving oil and gas customers. Key coverages for drilling contractors include: 

Who is drilling contractors insurance right for? 

Oil or gas drilling contractors, including those engaged in oil or gas wells: 

  • Casing installation 

  • Cementing 

  • Completion

  • Hydraulic fracturing 

  • Other lease work or well servicing 

What specialized coverage is needed by drilling contractors in the oil and gas industry? 

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. 

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Related services

We understand that each oil and gas company has unique risks and exposures. We have knowledgeable Risk Control professionals, who are dedicated to the oil and gas industry and can work with customers to help them manage these risks.

Our claim team specializes in handling losses that arise out of the oil field, with proven expertise in understanding master service agreements (MSAs) and the importance of contractual risk transfer (CRT). We offer the power and resources of a national company, with local expertise and autonomy.

We are committed to making the oil and gas industry safer by assisting our customers with service to help them deal with and ideally prevent a well blowout.

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Get coverage for your unique professional risks.