Shale oil & gas operations offer a great opportunity for energy independence
and economic growth in the U.S.
Whether you are in the upstream, midstream,
or downstream sector of the oil and gas industries, you face unique exposure and risk as well as new opportunities.
The energy industry is too diverse
and complex to ever offer a one-size fits all solution.
Every company,
every operation, every location presents its own unique operations and exposures.
For the exploration as well as production, gathering of or transporting by pipeline, truck or rail; as well
as refining and marketing, you face unique exposures to risk. We will help protect you and your investment as well as
support your growth.
Balancing this opportunity with the appropriate risk
management strategies and risk transfer products/solutions is critical in order to have the necessary protection in the event
an operational, financial, hazard or market loss should occur.
Insurance
coverages will vary by class of operations; the following are just a few of the products for the Upstream/Midstream/Downstream
Oil & Gas Energy Industry.
Working alongside our strategic partner,
a leader in energy risk management, insurance and surety bonding; specializing in the energy sector enables us to create proprietary
insurance and bond programs, customized coverage forms and energy packages for domestic and international energy operations.
It is in this team approach to risk management that we provide our clients with
comprehensive and proactive customer service.
We nurture every relationship
built on honesty, integrity and mutual respect.
We have created depth
and braedth of our energy team by assigning account executives, account managers and a support staff to respond to daily issues:
- Commercial Auto Liability and Physical Damage Coverage
- GL/contractors General Liability Coverage
- Stand Alone Contractors Pollution Liability Coverage
- Employee Benefits
- Workers Compensation
- Captive Insurance Programs
- Claims Management/Supervision
- Access to and the ability to create
manuscript policy forms and endorsements to address difficult and complex exposures.
- Current
information on industry trends and ongoing education of your operations team.
- Prompt
turn-around of certificates of insurance to lenders, lessors, non-operating partners.
- Detailed
insurance summaries for internal and external use by board members, accountants, attorneys, etc.
- Premium allocation for prompt billing to the pipelines/wells and your non-operating partners
- Mergers and acquisition assistance in reviewing indemnity provisions of purchase and sale agreements
as well as coverage on contract reviews of the company to be acquired
An
insurance program that is structured to meet the contractual and indemnification obligations of your industry contracts
Ask how we can:
Perform a complimentary coverage
review based on your class of business and contract requirements to identify potential issues before they become a major problem
including but not limited to:
- Indemnification Language/Penalty Clauses/MSA
Language
- Knock for Knock Indemnification
- Claims Made vs. Occurrence Coverage Policies
- Additional Insured
Requirements
- Certificates of Insurance
- Total Cost of Risk Defined
