Oil & Gas Service Contractors Insurance
Service contractors in the oil and gas industry face a broad range of risks inherent to the services they provide, including casing installation, cementing, hydraulic fracturing, rig erection, perforating, tank construction or installation, welding, cutting and others. Because of our many years serving the oil and gas industry, we have the expertise and product portfolio that can help service contractors protect their employees, their equipment and other physical assets.
Core Offerings
Travelers is an industry leader in the oil and gas insurance sector with more than 30 years serving oil and gas customers. Our underwriting, Claim and Risk Control professionals focus exclusively on the oil and gas industry. In fact, some come directly from jobs in the oil and gas industry. We have a deep knowledge of the complex challenges and risks that could threaten the safety of your people and the success of your operation. With Travelers, you’ll have the products, services and expertise you need to help manage risk and avoid accidents, as well as the support and resources to help you recover should a loss occur.
Who is this right for?
Oil or gas service contractors engaged in the following operations for oil and gas wells or lease sites:
- Acidizing
- Casing installation
- Cementing
- Electrical
- Geophysical exploration
- Grading or excavation
- Hydraulic fracturing
- Instrument logging or surveying
- Machinery or equipment installation, service, or repair
- Perforating
- Pumpering and gauging
- Rig or derrick erecting and dismantling
- Roustabout
- Tank construction, installation, erection or repair
- Welding or cutting
- Well cleaning, swabbing, or shooting
- Other lease work/well servicing
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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.
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Our claim team specializes in handling losses that arise out of the oilfield, 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.