Ideal Accounts and Appetite
This program targets small to mid-sized, land-based contractors and suppliers servicing the oil and gas industry. Typical eligible classes include companies with downhole or field service exposures, such as:
- Land-based drilling contractors
- Well servicing and acidizing companies
- Site preparation and roustabout crews
- Welders, electrical, and instrumentation contractors
- Fishing and wireline service providers
- Machine shops, product manufacturers, and distributors
- Machinery and equipment installation, service, or repair (land and overwater)
- Well logging and geophysical service providers
- Biofuel and CNG operations — processing, distribution, and manufacturing
Accounts with field operations, heavy equipment installation, or petrochemical support services are a good fit. This program is generally not intended for large offshore operators, high-frequency loss accounts, or businesses without established risk controls.
- Example: A regional well-servicing provider needing GL and excess limits with overwater exposure and pollution extensions.
- Example: A machine shop that manufactures and installs downhole components for land rigs seeking tailored general liability and time-element pollution coverages.
Coverage Highlights and Advantages
CoverXSpecialty offers broad protection designed for the specific risks faced by oil and gas contractors and suppliers. Key coverage features include:
- General Liability: $1,000,000 per occurrence / $2,000,000 aggregate
- Umbrella or Follow-Form Excess: limits up to $10,000,000 available
- Policies written on Occurrence and/or Claims-Made forms
Available policy enhancements help address common industry exposures, such as:
- Gulf of Mexico Extension
- Underground Resources and Equipment coverage
- Non-Owned Watercraft liability
- Sudden and Accidental / Time Element Pollution
- In Rem coverage
Underwriting Notes and Minimum Premiums
This is a non-admitted program, which gives underwriters flexibility to craft terms for specialized or higher-risk operations. Underwriting focuses on accounts with documented safety programs, sound loss-control practices, and stable operations. Minimum premium requirements vary by class and exposure — submit detailed exposure information for the most accurate quote.
Territories and Availability
The Oil and Gas Contractors and Suppliers Insurance program is available nationwide — all 50 states plus Washington, D.C. Agents across the country can access this program to place eligible energy-related accounts.
Why Work With CoverXSpecialty?
CoverXSpecialty operates as both a general agency and a carrier, combining market access with specialty underwriting expertise. Agents benefit from:
- Underwriters experienced in energy-sector exposures and field operations
- Flexible non-admitted paper for hard-to-place or higher-risk accounts
- Responsive service and the ability to tailor endorsements for overwater, pollution, and equipment risks
Whether you’re placing a startup fabrication shop or an established well-servicing operation, CoverXSpecialty can help secure specialized coverage and excess capacity to meet your client’s needs.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program targets small to mid-sized oil and gas contractors and suppliers, including drillers, welders, roustabouts, and equipment service providers.
Is this program available nationwide?
Yes — CoverXSpecialty offers this program in all 50 states and Washington, D.C.
Can this program cover pollution exposures?
Yes. The policy can include Sudden and Accidental/Time Element Pollution enhancements, subject to underwriting review.
Are both Occurrence and Claims-Made forms available?
Yes. Policies may be written on either an Occurrence or Claims-Made basis depending on the insured’s needs and exposure profile.
Does this program support offshore or overwater operations?
Yes. Coverage options include overwater exposures and extensions for the Gulf of Mexico region, where appropriate.
Need help placing an account? Connect with a market specialist.