By Is your company in the oil and gas industry? Are you looking for insurance solutions to avoid costly gaps in coverage? One of the largest exposures in the oil and gas insurance arena is Professional Liability. Here is a quick definition.
- Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance that helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending ...
Whether you are Blasting, Consulting, Mining, Drilling, Surveying or doing construction in the oil and gas industry, you will need to carry Professional Liability protection in the event you are to do one of the following.
- Breach of Contract
- Failure to perform
- Misguided information
- Omission of key information
- An error in the administration of the contract.
- and more
Why get Insured in Oil & Gas?
Lets say you sign a contract for $1,000,000 to perform a service and deliver a product for Company A. Company A pays you $500k to start the project. You complete the project and send the final invoice. Company A decides to pay you $200k instead of the remaining $500k. You then sue them for not delivering on the contarct. What happens when they counter sue you for failure to perform? Professional Liability costs such as settlement, defense and misc charges are covered by your insurance policy. Without Professional liability, you would be on an island covering the costs yourself. Let us provide consultation for your oil and gas needs. Oil and Gas and any energy field can be insured with an Energy Contractor Program. Here are the industries we can provide protection for.
- Blasting Insurance
- Bleeding or Vending Insurance
- Consultants of all types Insurance
- Drilling Contractors Insurance
- Engineers Insurance
- Gas Processing / Squeezing Insurance
- Geological Firms Insurance
- Industrial and Refining Services Insurance
- Laying Flow Lines Insurance
- Land Man and Exploration Companies Insurance
- Mining Operations Insurance
- Non-Operating Well Owners Insurance
- Oil & Gas Pipeline Construction or Repair Insurance
- Oil Rig Movers / Erectors / Dismantlers Insurance
- Painting / Sand Blasting Insurance
- Paraffin Treatment Insurance
- Perforating Insurance
- Pile Drilling Insurance
- Plumbing Insurance
- Surveying Insurance
- Tank Cleaning Insurance
- Underground Utilities Insurance
- Welding Insurance
- Well Acidizing / Cementing / Cleaning Insurance
- Windmill & Turbine Construction Insurance
- Many more!
- Admitted and E&S carrier options
- National program availability
- General Liability, including underground resources & equipment coverage available
- Pollution Liability & Professional Liability available
Auto Liability, Rigger's Liability, Property/Inland Marine, and Umbrella available