Insurance for Manufacturers in the Oil and Gas Industry
Manufacturers serving the oil and gas industry face a variety of risks, including potentially severe products liability. Travelers offers an array of specialized coverages and services that can help protect against third-party claims, as well as help protect employees and physical assets.
Core Insurance Offerings
Travelers is a leader in the oil and gas industry, with more than 20 years serving oil and gas customers, including businesses that manufacture oil and gas equipment. Key coverages include:
Who Is This Insurance Right For?
Oil and Gas manufacturers, including those engaged in:
- Casing manufacturing
- Compressor manufacturing
- Drill bit manufacturing
- Hydraulic fracturing equipment manufacturing
- Machine shops
- Machinery or machinery parts manufacturing
- Mud or chemical mixing/manufacturers
- Storage tank manufacturers
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What Specialized Coverage Is Needed by Manufacturers in the Oil and Gas Industry?
Manufacturers in the oil and gas industry have a high risk of products liability because they produce various parts and equipment used in the oil field. For example, if tools or equipment produced by a manufacturer causes harm to a person, or if a manufacturer’s product is recalled due to a defect, products liability coverage can provide critical protection to cover the manufacturer’s legal fees and other costs.
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