Insurance Coverage

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Today, the oil and gas industry faces a range of complex risks. From market volatility, price fluctuations, and supply chain disruptions to regulation and policy changes and environmental factors, today’s energy companies face new and expanding challenges every day. That’s why we offer deep, expansive insurance coverage that is tailored to the unique risks and exposures facing today’s oil and gas companies.

Tailored Energy Insurance Coverage

Our deep, expansive coverage is designed with customization in mind. We take the time to understand the unique operations, challenges, and goals of our clients, then tailor policies that align precisely with their needs. We are oil and gas specialists who build and deploy solutions for targeted risks within the following classes:

  • Roustabouts
  • Wireline contractors
  • Testing contractors
  • Well servicing contractors
  • Midstream pipeline contractors
  • Lease owner/operators
  • Oilfield equipment distributors, rental, or repair
  • Manufacturers of oil or gas-related equipment
  • Drilling, tong, and casing contractors
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Insurance Policies Built for Oil and Gas Industry Risks

Our policies are structured with layers of protection that address different aspects of risk. From property damage to liability, PetroSure offers coverage options designed specifically for the oil and gas industry.

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Coverage Options

  • Includes a proprietary broadening endorsement with blanket additional insureds and waiver of subrogation. Underground resources and equipment, broad form property damage, and other coverage enhancements available.
  • Stand-alone dedicated limits up to $10M.
  • Features include 45 days discovery/90 days reporting, $100,000 owned site coverage, and up to $5M sub-limit of product liability (by request).
  • Includes broadened pollution (upset and overturn) and proprietary coverage extension endorsement.
  • With proprietary enhanced coverage extensions.
  • Multiple available coverage lines including contractors’ equipment, downhole tool coverage, cargo/transportation, riggers, equipment dealers, and other miscellaneous floaters.
  • Limits up to $10M available (UGRE and BFPD coverage by request up to full excess limits).
  • Monthly reporting available.