Insurance for Drilling Contractors in the Oil and Gas Industry
Oil and gas drilling contractors face unique and dangerous risks every day. Travelers has been protecting drilling contractors for over two decades, offering specialized coverage solutions that can help drilling contractors protect their employees, their equipment and ultimately their business viability.
Core insurance offerings
Travelers is a leader in the oil and gas industry, with more than two decades serving oil and gas customers. Key coverages for drilling contractors include:
Who is drilling contractors insurance right for?
Oil or gas drilling contractors, including those engaged in oil or gas wells:
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Casing installation
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Cementing
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Completion
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Hydraulic fracturing
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Other lease work or well servicing
What specialized coverage is needed by drilling contractors in the oil and gas industry?
Drilling contractors are typically hired by well operators to perform drilling operations at a well site. Their responsibilities can include installation of well casing, completion of wells to prepare for oil or gas production, hydraulic fracturing, and cementing of wells for further drilling or abandonment. These activities require insurance to protect equipment, machinery, the safety of third parties and the contractor’s most valuable asset ‒ its employees. Drilling contractors need a specialized commercial general liability policy to provide protection for sudden and accidental pollution incidents which cause bodily injury or property damage to a third party. A control of well policy can provide coverage for well-out-of-control events, such as a blowout, and can help cover some of the costs and expenses associated with bringing a well back under control and pollution cleanup.
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Management and professional liability
Policies that fit your unique responsibilities and exposures – whether you’re a private, public, nonprofit or financial institution.
CyberRisk
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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.
Workplace Safety Resources
Helping Employers Manage a Safer Workforce
Travelers Workforce Advantage® can help businesses promote employee health and safety. Learn more about Workforce Advantage.
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.
Oil & Gas Well Control Services
We are committed to making the oil and gas industry safer by assisting our customers with service to help them deal with and ideally prevent a well blowout.