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.

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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 oil and gas manufacturers insurance right for? 

Oil and gas industry related 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 

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

Manufacturers for 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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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.

Business person smiling and carrying a red folder.

Find an insurance agent

Get coverage for your unique professional risks.