Insurance for Suppliers in the Oil and Gas Industry
Businesses supplying goods to the oil and gas industry have unique insurance needs. From sales and service to rental entities, Travelers insurance products are designed to help protect against third-party claims, as well as to 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 those involved in sales and service of products used on the well site. Key coverages include:
Who Is this Insurance Right For?
- Downhole tools and equipment suppliers
- Drilling mud or oilfield chemical suppliers
- Oilfield supply dealers
- Oilfield machinery or equipment dealers
- Oilfield machinery or equipment lessors
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What Specialized Coverage Is Needed by Suppliers in the Oil and Gas Industry?
Key coverages for suppliers in the oil and gas industry are commercial general liability, commercial automobile and excess/umbrella liability. Specialized commercial general liability coverage can help cover costs incurred as a result of a third-party claim for bodily injury or property damage, and for losses arising out of sudden and accidental pollution incidents and contractual liability. A commercial automobile policy can provide liability and physical damage coverage for both small and large fleets of commercially owned vehicles that are often on the road delivering supplies to clients. We also offer excess/umbrella liability coverage to provide an additional layer of protection.
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 multi-national companies – with their commercial surety needs.
Management & Professional Liability
Policies that fit your unique responsibilities and exposures – whether you’re a private, public, nonprofit or a financial institution.
CyberRisk
Provides organizations of all sizes coverage to help protect against data breaches and other fast-evolving cyber exposures.
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.
Three 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.
Developing a Strategy to Control Your Company's Medical Costs
Controlling medical costs is a high concern for many businesses. Help control your company's medical costs by following these tips.
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.
Supply Chain Pressure Test
Help protect your business with this 5-minute test to identify weaknesses in your supply chain.
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.