Oil & Gas Operators Insurance
Oil and gas operators insurance addresses exposures that standard commercial packages leave uninsured: well blowouts, underground property damage, sudden and accidental pollution releases, and the specialized equipment that makes E&P operations possible. Whether you operate producing wells in Califo…
Key Coverages for Oil & Gas Operators Businesses
- Operators extra expense / control of well — blowout, fire, and well cratering costs
- Sudden and accidental pollution liability — surface and subsurface releases
- Operators liability for bodily injury and property damage to third parties
- Physical damage to wellhead equipment and production facilities
- Inland marine for drilling tools and tubular goods in transit
- Underground property damage liability (UGPD)
Frequently Asked Questions
What is 'control of well' insurance?
Control of well pays the costs of regaining control of a well that has experienced a blowout, underground blowout, or fire — including well control specialists, equipment, and redrill expenses. Without it, a single blowout event can cost millions of …
Does standard general liability cover oil and gas pollution?
No. Standard commercial GL policies contain a pollution exclusion eliminating coverage for releases of hydrocarbons, produced water, H2S, and other oil and gas operational pollutants. Operators must purchase a specific pollution liability endorsement…