The commercial oil and gas industry can come with high risk but has extremely high rewards. Businesses involved in the oil and gas industries need protection for their employees, including commercial general liability insurance.
Commercial general liability insurance provides an invaluable level of protection for businesses involved in the oil and gas industries. This commercial general liability insurance covers a variety of businesses related to the oil and gas industries, including lease operators, perforation services, and equipment on site.
Coverages offered
General liability
- Oil and gas businesses to which this applies
- Oil and gas leas operators and non-operators
- Perforation services
- Leasing or renting of down hole tools or lease site equipment
- All oil and gas related contractors, both over the hole and not over the hole
Excess Liability
- Limits available up to $5,000,000
Hired and non-owned auto
Coverage Highlights
- Sudden and accidental; time element pollution (30/90), including voluntary 1st party cleanup costs
- Underground resources and equipment
- Blanket waiver of subrogation
- Blanket additional insured/primary and non-contributory
- Ability to write new ventures
States Approved:
- AK, AL, AR, CO, IL, ID, KS, KY, LA, MI, MO, MS, ND, OH, OK, TX, UT, WV, WY, (CA and NM coming soon)
Minimum Premiums
- $2,000 – contractors – NOT over the hole (excluding pollution, underground resources, blowout, cratering and explosion, and underground equipment)
- $2,500 – Contractors – NOT over the hole (broad form)
- $3,500 – Lease operators/non-operators (broad form)
- $5,000 – Contractors – over the hole (broad form)
Submission Requirements
- Appropriate ACORD applications
- 3 years currently valued loss runs, for each line submitted
- Appropriate supplemental applications (operator, contractor, pipeline)
- Well schedule (operators/non-operators)
- Expiring and target premiums
- Need-by Date