Insurance for Oil and Gas Contractors
Service contractors in the oil and gas industry face a broad range of risks inherent to the services they provide, including casing installation, cementing, hydraulic fracturing, rig erection, perforating, tank construction or installation, welding, cutting and others. Because of our many years serving the oil and gas industry, we have the expertise and product portfolio that can help service contractors protect their employees, their equipment and other 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 service contractors who are critical to the operations and maintenance of wells. Key coverages include:
Who is insurance for oil and gas contractors right for?
Service contractors in the oil or gas industry engaged in the following operations:
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Acidizing
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Casing installation
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Cementing
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Electrical
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Geophysical exploration
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Grading or excavation
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Hydraulic fracturing
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Instrument logging or surveying
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Machinery or equipment installation, service or repair
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Perforating
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Pumping and gauging
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Rig or derrick erecting and dismantling
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Roustabout
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Tank construction, installation, erection or repair
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Welding or cutting
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Well cleaning, swabbing or shooting
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Other lease work or well servicing
What specialized coverage is needed by service contractors in the oil and gas industry?
Oil field service contractors are hired by well operators to perform a variety of operations on the oil and gas lease site. They typically need a combination of the coverages described above, in the core insurance offerings, to provide protection for covered losses should equipment or machinery malfunction or an employee or third party gets injured on the job or worksite.
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.
Travelers Industrial Hygiene Lab
Using the latest technologies, we provide reliable information to help assess employee exposures and improve occupational health.
Workforce pressure test
Are you doing enough to help your workforce run and grow safely? This 5-minute test can help identify what may be your biggest manufacturing workforce risk.
More Prepare & Prevent
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.
Driver & Fleet Safety
8 Elements of a Fleet Safety Program
A formal fleet safety program can help maximize fleet efficiency, enhance safety and more.
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.