Energy Insurance

energy insurance

Energy Insurance for Oil and Gas, Wells, Specialty Chemicals, Refining Operations and Pipelines

Owning or operating an oil or gas company is no easy task. As the owner or manager you need to know that you are protected in the event that something goes wrong. Having the proper risk management policies in place can provide necessary protection, whether overseeing rig equipment, conducting well evaluations and managing crews or your primary business is an operator or only a non-operator entity.

Founded in Dallas, Swingle Collins & Associates has been providing energy insurance and service to the oil and gas industry for over twenty years. We provide worldwide energy insurance coverage help for oil and gas exploration companies with oilfield operators insurance, oilfield services insurance, non-operators insurance, oil field service contractor’s insurance, control of well insurance and exploration investors and royalty owners’ insurance.

Control of Well Insurance

Control of well insurance covers the costs and expense of regaining control of a well after a ‘blow-out’ has occurred. There are many factors that need consideration for control of well insurance including pollution, re-drilling expenses, well restoration, liability to third parties and even evacuation expenses. Several types of companies purchase control of well insurance and often include oil and gas well drillers, drilling contractors, oilfield service companies and companies that plan, design, manage and supervise the drilling of a well.

Oilfield Services Insurance

There are several types of companies that can be included in the category of needing oilfield services insurance. These companies can range from drilling contractors and well servicing contractors to salt water haulers and roustabout operations. Oilfield services insurance provides coverages for bodily injury and property damage, contractual liability, third party liabilities and when written properly, coverages for pollution are included. We work diligently to provide the specific coverages needed for each client who requires oilfield services insurance.

Oilfield Operators Insurance

Oilfield operators insurance is intended to address the specific needs of both operator and non-operator entities. These specific types of general liability requirements are often contractual indemnity arising out of joint operating agreements, sudden and accidental pollution coverages which can include first party costs and can potentially cover claims brought by co-owners of the working interest in a well. Oilfield operators insurance may be needed by any type of company involved in exploration or production.

Energy production is evolving every day to become more and more environmentally friendly. Solar and wind farms are viable sources of energy that carry their own unique energy insurance coverage. Swingle Collins has the capacity and market availability to properly insure this type of company which is on the leading edge of the energy frontier.

We customize oil and gas insurance coverage to meet your company’s unique needs whether control of well insurance, oilfield services insurance or oilfield operators’ insurance, while providing proactive loss control services and risk management to help you create a safe and profitable work environment. Swingle Collins’ team of experts has been individually underwriting oil and gas insurance risks for over 30 years. We are here to assist you as your oil and gas insurance agent.

Energy Insurance – Industries Served

  • Oil and Gas Exploration and Production Companies
  • Drilling and Well Servicing Contractors
  • Pipeline Operations
  • Refining / Storage / Processing Operations
  • Oil & Gas Exploration and Production
  • Drilling and Well Servicing Contractors
  • Gas Gathering and Processing Operations
  • Natural Gas Liquids Separation and Storage Facilities
  • Pipeline Operations (including refined products pipelines)
  • Refining/Storage/ Processing Operations
  • Utility/Power Generation Operations
  • Underground Natural Gas and Gas Liquids Storage Operations
  • Specialty Chemicals Manufacturing
  • Energy Related Products Manufacturers
  • Petrochemical Manufacturers
  • Saltwater Well Disposal

Energy Insurance Coverage Available

  • Control of Well (Operator’s Extra Expense)
  • Onshore Production, Processing and Compression Property Damage
  • Offshore Platform and Pipeline Damage
  • Loss of Offshore Production Income
  • Primary Casualty
  • Umbrella/Excess Liability
  • Marine Operations
  • Onshore & Offshore Construction
  • Drilling Rig Physical Damage
  • Specific Catastrophe Coverage
  • Workers Compensation – Dividend – Safety Group
  • Sudden & Accidental; Time Element Pollution (30/90), including voluntary 1st party cleanup costs
  • Underground Resources & Equipment
  • Blanket Waiver of Subrogation
  • Blanket Additional Insured/Primary & Non-contributory
  • Ability to Write New Ventures

STATES APPROVED

  • AK, AL, AR, CO, IL, ID, KS, KY, LA, MI, MO, MS, ND, NM, OH, OK, TX, UT, WV, WY (CA 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)

Swingle, Collins & Associates specializes in energy insurance coverage. The descriptions of coverages listed on this website are brief and subject to the provisions, limitations, and exclusions that can only be expressed in your policy and related endorsements. For additional information of how Swingle, Collins & Associates can assist in meeting your coverage needs for control of well, offshore platform and pipeline damage, or specific catastrophe insurance please contact your dedicated risk manager to discuss the benefits and services of personal homeowners insurance coverage.

The information contained on this page is provided for informational and educational purposes only. It contains general information on insurance issues and may not reflect the most current developments in insurance coverage and is unlikely to apply in all factual scenarios. The information does not include all the terms, coverages, exclusions, limitations or conditions that may be contained in the actual insurance contract language. The policies themselves must be read for those details. Sample policy forms will be made available upon reasonable request.

Be Sociable, Share!