Insurance for Manufacturers in the Oil and Gas Industry
Manufacturers serving the oil and gas industry face a variety of risks, including potentially severe products liability. Travelers offers an array of specialized coverages and services that can help protect against third-party claims, as well as 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 businesses that manufacture oil and gas equipment. Key coverages include:
Who is oil and gas manufacturers insurance right for?
Oil and gas industry related manufacturers, including those engaged in:
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Casing manufacturing
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Compressor manufacturing
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Drill bit manufacturing
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Hydraulic fracturing equipment manufacturing
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Machine shops
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Machinery or machinery parts manufacturing
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Mud or chemical mixing/manufacturers
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Storage tank manufacturers
What specialized coverage is needed by manufacturers in the oil and gas industry?
Manufacturers for the oil and gas industry have a high risk of products liability because they produce various parts and equipment used in the oil field. For example, if tools or equipment produced by a manufacturer causes harm to a person, or if a manufacturer’s product is recalled due to a defect, products liability coverage can provide critical protection to cover the manufacturer’s legal fees and other costs.
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.
The Supply Chain Pressure Quiz
Put your supply chain to the test. Help identify and learn about potential risks from weak links.
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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.
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.
Workplace Safety Resources
Creating a Safety Culture in the Workplace
Creating a safety culture in the workplace can help keep employees safe and prevent workplace accidents.
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.