Insurance for Midstream Companies in the Oil and Gas Industry
Midstream companies in the oil and gas industry have unique exposures inherent to their industry that require tailored coverages. Travelers offers unique coverage for natural gas pipeline operators, processing facilities and storage facilities, as well as liquefied natural gas (LNG) entities.
Core Insurance Offerings
Travelers is a leader in the oil and gas industry, with more than 20 years serving oil and gas customers, including those involved in sales and service of products used on the well site. Key coverages include:
Who Is this Insurance Right For?
Oil or gas service contractors engaged in the following operations for oil and gas wells or lease sites:
- Oil and gas pipeline and maintenance contractors
- Natural gas pipeline operators
- Natural gas processors
- Natural gas storage facilities
- LNG storage, liquefaction and regasification entities
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What Specialized Coverage Is Needed by Midstream Companies in the Oil and Gas Industry?
Midstream companies in the oil and gas industry typically have operations involving storage, processing and transportation of oil and natural gas. Commercial general liability and contractors' equipment policies with coverages designed specifically for midstream operations will help protect the business should a loss occur. For example, specialized commercial general liability policies may provide coverage for sudden and accidental pollution incidents that cause bodily injury or property damage to a third party.
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Insights & Expertise
Managing Oil and Gas Risk with Contractual Risk Transfer
Having a comprehensive contractual risk transfer (CRT) program can be a critical component in managing risks in the oil and gas industry.
Safety Tips to Help Protect New Oil and Gas Workers on the Job
Having well-documented policies can help companies safely and efficiently onboard employees.
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The impact of pollution losses from an oil spill or gas leak can be damaging to a company's reputation.
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Related Services
Travelers Oil & Gas Risk Control
We understand that each oil and gas company has unique risks and exposures. Our knowledgeable Risk Control professionals, who are dedicated to the oil and gas industry, work with customers to help them understand and manage these risks.
Travelers Oil & Gas Claim
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.