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 customers who work in or with oil and gas companies. This includes working with those involved in sales and service of products used on the well site. Key coverages available to these professionals include:
Who is oil and gas equipment suppliers' insurance right for?
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Downhole tools and equipment suppliers
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Drilling mud or oilfield chemical suppliers
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Oilfield supply dealers
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Oilfield machinery or equipment dealers
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Oilfield machinery or equipment lessors
What specialized coverage is needed by equipment suppliers in the oil and gas industry?
Key coverages for suppliers in the oil and gas industry:
This 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.
Provides 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.
This coverage provides 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 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.
Cyber
We understand the complexity of cyber threats and have cyber liability insurance solutions to help protect your business assets.
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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.
Employee Wellness Resources
Developing a Strategy to Control Your Company's Medical Costs
Having a medical cost management strategy can help companies control long-term medical loss trends.
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.