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Coverage Options for Oil and Gas Industry – Additional Coverage Options (Part 4 of 4)
Additional Coverage Options Umbrella liability will cover excess costs over the policy limit associated with a claim. This type of coverage has become more restrictive in the past decade. Professional liability is important for the development of a...
Coverage Options for Oil and Gas Industry – Worker Health and Safety (Part 3 of 4)
Worker Health and Safety Coverage Options Workers in the oil and gas extraction industry face many more health hazards than the average worker, so it's important that employers have robust workers' compensation and return to work programs to keep workers...
Coverage Options for Oil and Gas Industry – Equipment and Property (Part 2 of 4)
Equipment and Property Coverage Options Control of well insurance (also may be known as operators extra expense (OEE)), which covers expenses incurred in regaining control of a well after cratering or blowout. Additionally, endorsements may be added to this...
Coverage Options for Oil and Gas Industry – Environmental Coverage Options (Part 1 of 4)
Nearly 500,000 workers are currently employed in the oil and gas extraction industry in the United States, according to the Bureau of Labor Statistics, and that number is on the rise as the world's demand for energy continues to grow. This increase means more risks...