Insurance for Service Contractors in the Oil and Gas Industry
Service contractors in the oil and gas industry face a broad range of risks inherent to the services they provide, including casing installation, cementing, hydraulic fracturing, rig erection, perforating, tank construction or installation, welding, cutting and others. Because of our many years serving the oil and gas industry, we have the expertise and product portfolio that can help service contractors protect their employees, their equipment and other physical assets.
Core Insurance Offerings
Travelers is a leader in the oil and gas industry, with more than 20 years serving oil and gas customers, including service contractors who are critical to the operations and maintenance of wells. Key coverages include:
Who Is This Insurance Right For?
Service contractors in the oil or gas industry engaged in the following operations:
- Acidizing
- Casing installation
- Cementing
- Electrical
- Geophysical exploration
- Grading or excavation
- Hydraulic fracturing
- Instrument logging or surveying
- Machinery or equipment installation, service or repair
- Perforating
- Pumping and gauging
- Rig or derrick erecting and dismantling
- Roustabout
- Tank construction, installation, erection or repair
- Welding or cutting
- Well cleaning, swabbing or shooting
- Other lease work or well servicing
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What Specialized Coverage Is Needed by Service Contractors in the Oil and Gas Industry?
Oil field service contractors are hired by well operators to perform a variety of operations on the oil and gas lease site. They typically need a combination of the coverages described above to provide protection for covered losses should equipment or machinery malfunction, an employee is injured on the job or a third party on the worksite is injured.
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Insights & Expertise
Managing Oil and Gas Risk with Contractual Risk Transfer
Having a comprehensive contractual risk transfer (CRT) program can be a critical component in managing risks in the oil and gas industry.
Safety Tips to Help Protect New Oil and Gas Workers on the Job
Having well-documented policies can help companies safely and efficiently onboard employees.
Three Key Ways to Protect Oil and Gas Operations from Pollution Risks
The impact of pollution losses from an oil spill or gas leak can be damaging to a company's reputation.
Travelers Industrial Hygiene Lab
Using the latest technologies, we provide reliable information to help assess employee exposures and improve occupational health.
Take the Workforce Pressure Test [Tool]
The Workforce Pressure Test can help determine if you are doing enough to help ensure your employees are skilled, safe and resilient.
Elements of a Fleet Safety Program
A formal fleet safety program can help maximize fleet efficiency, enhance safety and more.
Related Services
Travelers Oil & Gas Risk Control
We understand that each oil and gas company has unique risks and exposures. Our knowledgeable Risk Control professionals, who are dedicated to the oil and gas industry, work with customers to help them understand and manage these risks.
Travelers Oil & Gas Claim
Our claim team specializes in handling losses that arise out of the oil field, with proven expertise in understanding master service agreements (MSAs) and the importance of contractual risk transfer (CRT). We offer the power and resources of a national company, with local expertise and autonomy.