Insurance for Operators and Nonoperators in the Oil and Gas Industry
Operators and nonoperators in the oil and gas industry have specific insurance needs. Travelers can provide a variety of coverages and services that can help protect their capital and mitigate their risks, both onshore and offshore. As co-owners of wells, nonoperators also need coverage solutions that protect their investments.
EnergyPro
Core insurance offerings
Travelers is a leader in the oil and gas industry, with more than 20 years serving oil and gas customers, including operators and nonoperators.
Key coverages include:
Who is insurance for oil and gas operators and nonoperators right for?
- Oil and gas well operators looking to protect against liability for alleged injury or damage to third parties as a result of those well operations.
- Oil and gas nonoperators looking to protect their capital and investment in a well operation.
What specialized coverage is needed by operators and nonoperators in the oil and gas industry?
Oil and gas operators are owners of the well(s) and have invested capital in oil and gas production. They are responsible for the daily operation of a well project. Property and inland marine coverage for oil and gas operators can protect things such as buildings, equipment and business property. Commercial general liability insurance for operators provides coverage to protect against liability for alleged injury or damage to third parties, and to cover their contractual liability.
Although nonoperators are not involved in the day-to-day operations of a well project, they are typically contracted with the operators, have an invested interest (as “co-owners”) in the project, and are consulted on exploration and production activities. Insurance for nonoperators can help protect the property and invested capital in the event of a loss and can also provide coverage for liability arising out of a claim or lawsuit and cover their contractual liability.
EnergyPro
Oil lease property protection
Travelers offers EnergyPro protection that has been specifically tailored for oil and gas lease operators.
Related products & solutions
Contract surety
Our specialized construction underwriters have deep industry knowledge and an ability to provide flexible, innovative solutions.
Commercial surety
Travelers can help both individuals and businesses – ranging from small to multinational companies – with their commercial surety needs.
Management and professional liability
Policies that fit your unique responsibilities and exposures – whether you’re a private, public, nonprofit or financial institution.
CyberRisk
Provides organizations of all sizes coverage to help protect against losses resulting from data breaches and other fast-evolving cyber exposures.
Travelers Workforce Advantage®
Workforce Advantage is Travelers’ comprehensive approach to managing workers compensation. It involves attracting and hiring candidates, onboarding and training and supporting and engaging employees.
More Prepare & Prevent
Insights to help you manage risks at work and on the road
Oil & Gas Resources
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.
Oil & Gas Resources
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.
Oil & Gas Resources
3 Key Ways to Protect Oil and Gas Operations from Pollution Risks
The impact of pollution losses from an oil spill or gas leak can be damaging to a company's reputation.
Construction Resources
Going Beyond OSHA's Minimum Standards for Crane Safety
Companies preparing for crane operator OSHA certification should also train their supporting team about ongoing safe crane operations.
Related services
Travelers Oil & Gas Risk Control
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.
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.