Service Contractors

Many types of contractors serve the exploration and production industry. They provide a wide range of support services for oil and gas operations that can supply the equipment and services to keep the industry running. Because of our many years serving this industry, we have the expertise and product portfolio that can help these companies protect their employees, their equipment and other physical assets.

In addition to providing coverage for U.S. operations, Travelers Canada also provides tailored products and services designed specifically for service contractors that work in the energy industry.

See below for more information about the coverages Travelers offers to our service contractor customers.

Key coverages:

General Liability & Umbrella Coverage >
Contractor's Equipment Coverage >
Rig Physical Damage Coverage >
Inland Marine Coverage >
Auto Coverage >
Workers Compensation Coverage & Services >
Management Liability, Crime, Kidnap & Ransom Coverages >
Surety Bonds >
Cyber Liability Coverage >

General Liability & Umbrella Coverage

• Pollution BI/PD coverage
• Completed work and product liability coverage
• General liability limits up to $25 million
• Excess liability limits up to $25 million
• Additional Resources:
      – Commercial General Liability
      – Commercial General Liability & Umbrella Checklist

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Contractors Equipment Coverage

• Coverage features:
      – Scheduled equipment on the policy or in a separate schedule on file with us
      – Unscheduled equipment you own or have in your care
      – Unscheduled equipment you lease or rent from others
      – Newly acquired equipment
      – Pollution cleanup and removal
• Enhancements included in coverage:
      – No weight or load exclusion
      – No exclusion for collapse or collision of booms
      – No flood exclusion
      – No earthquake exclusion
      – No coinsurance
• Available coverage options:
      – Waterborne equipment
      – Limited underground coverage for leased or rented down-hole pressure tools
      – Automobile or similar vehicle extension
• Additional Resources:
      – Contractors Equipment Protection

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Rig Physical Damage Coverage

• Coverage for newly acquired property
• Pollutant clean-up and removal
• In-hole salvage expenses
• Covers the following types of equipment:
      – Well-servicing, well-drilling or well-workover rigs and equipment, as well as scheduled vehicles;
      – Machinery, tools, appurtenances, derricks and substructures; and
      – Similar property of others in your care, custody or control
• Additional specialized coverage options:
      – Suspension (“layup”) coverage offers a reduced premium for rigs and equipment that are not in use
      – Flood or earthquake coverage
      – Replacement cost coverage without deduction for depreciation
      – Agreed value coverage can provide up to the dollar value of the policy agreed upon by the customer and Travelers for a total loss
• Additional Resources:
      – Rigs & Equipment Coverage

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Inland Marine Coverage

• Insurance products for operations involved with fixed and mobile property of all types including:
      – Transportation of domestic cargo
      – Computer systems
      – Accounts receivable
      – Valuable papers and records
      – Miscellaneous property
      – Contractors Equipment:
          · Scheduled or unscheduled
          · Leased or rented
          · Newly acquired
• Additional Resources:
      – Inland Marine & Crime Coverage
      – Contractors Equipment Coverage

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Auto Coverage

• Auto liability
• Physical damage protection
• Fleet coverage
• Countrywide availability
• Additional Resources:
      – Business Auto Coverage

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Workers Compensation Coverage & Services

• Multi-state exposures capability
• Safety programs
• No minimum premium requirement
• Extensive preferred provider networks with a presence in all 50 states
• Pharmacy network
• Focus on early intervention
• Medical case management
• Return-to-work programs
• Medical cost containment
• Industrial hygiene/occupational disease risk control specialists
• Additional Resources:
      – Workers Compensation
      – Travelers Medical Advantage

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Management Liability, Crime, Kidnap & Ransom Coverages

• Crime
• CyberRisk
• Private Company Directors & Officers
• Public Company Directors & Officers
• Private Partnership Liability
• Employment Practices Liability
• Fiduciary Liability
• Identity Fraud Expense Reimbursement
• Kidnap & Ransom
• Additional Resources:
      – Crime
      – CyberRisk
      – Private Company Directors & Officers
      – Public Company Directors & Officers
      – Employment Practice Liability
      – Fiduciary Liability
      – Identity Fraud Expense Reimbursement
      – Kidnap & Ransom

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Surety Bonds

• Commercial Surety Bonds
• Contract Surety Bonds
• Additional Resources:
      – Commercial Surety Bonds
      – Contract Surety Bonds

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Cyber Liability Coverage

Cyber insurance solutions tailored to fit your business needs:
• For private, nonprofit, public or technology companies
• Network and information security liability
• Communications and media liability
• Technology errors and omissions
• Available as part of a package or as a standalone policy
• Additional Resources
      – CyberFirst for Technology Companies
      – CyberRisk

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Risks Ahead - Risk Control Services

Risk Control Services

Master risk for a competitive advantage

Learn more >

Claim Management

Broad expertise to help customers get back to business quickly

Learn more >

Questions?

For more information about insurance products and services for the exploration and production industry, contact Travelers.

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