Oil and gas constitute a significant majority of the overall energy output in the United States, and the industry continues to innovate and evolve. Travelers oil and gas insurance helps companies manage the changing risks that accompany this growth and helps them adapt to a safer and more sustainable future.
From operators and drillers, to service contractors and manufacturers of specialized parts and products, every stage of the oil and energy production process presents unique risks. Travelers has specialized expertise, products and services to help oil and gas companies protect their employees and business property and support them in their sustainability journeys.
A History of Supporting Safety and Sustainability in the Oil and Gas Industry
Travelers is a recognized leader in risk mitigation for the oil and gas industry. With more than 20 years serving oil and gas customers, our underwriting, Claim and Risk Control professionals focus exclusively on the oil and gas industry. We have a deep knowledge of the complex challenges and risks that could threaten the safety of your employees or others, damage property or jeopardize the success of your operation. With Travelers, you’ll have the products, services and expertise you need to help manage risk and avoid accidents.
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What Specialized Coverage Do Oil and Gas Businesses Need?
Businesses operating in the oil and gas industry typically need a combination of specialized property, inland marine and commercial general liability coverages that are designed to address the unique risks presented by oil and gas operations. A property or inland marine policy can cover damage to buildings, rigs, drilling equipment, storage tanks and more. A commercial general liability policy provides coverage for occurrences that cause bodily injury, property damage, personal or advertising harm to a third party, including to persons or property of others on your premises or at your equipment yards or work sites. It can also cover certain pollution-related bodily injuries and property damage, as well as certain limited pollution costs incurred for a sudden and accidental pollution incident.