Oil and Gas Contractors' Equipment Insurance
Contractors' equipment presents a diversity of exposures in a wide variety of environments, including onshore, offshore, in cities, in forests or in mountains. To help keep these assets protected, Travelers Oil & Gas offers contractors' equipment coverage, which is designed to cover assets in virtually any location.
What is included under contractors' equipment insurance?
Below are differing types of contractors’ equipment coverages Travelers offers to help protect our customers’ assets.
Typical standard coverage
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Scheduled equipment on the policy or in a separate schedule on file with us
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Unscheduled owned equipment
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Unscheduled equipment owned by others
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Equipment while leased, rented or loaned to others
Coverage extensions
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Business personal property in job trailers
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Document and data restoration costs
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Hauling the property of others
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Newly acquired equipment – per item
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Rental costs
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Upgrades to covered property
Additional coverages
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Continuing rental payments
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Debris removal increased limit
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Employee tools, equipment and clothing
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Pollutant cleanup and removal
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Preservation of property expense
Additional options available
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EnergyPro® oil and gas motor vehicle changes
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EnergyPro oil and gas pipeline inspection gauge additional coverage
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Limited downhole coverage
Who is oil and gas contractors' equipment insurance right for?
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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.
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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.