Comprehensive Insurance Solutions for Oil and Gas Contractors
Sloan Mason Insurance Services, Inc. offers specialized access to a new facility backed by various 'A'-rated carriers, providing tailored Oil and Gas Contractors Insurance solutions. This program is designed to support contractors and lease operators in the energy sector, including those with up to 20% offshore exposure. With competitive terms and deep underwriting expertise, Sloan Mason is a trusted wholesale partner for agents and brokers seeking solid placement options in this complex and high-risk industry.
Ideal Accounts and Target Classes
This program is ideal for a wide range of oil and gas service providers. Whether your client is performing onshore lease operations or involved in offshore support, Sloan Mason’s markets can accommodate varied risk profiles. Target classes include:
- Geophysical Exploration
- Oil or Gas Lease Work by Contractors
- Oil or Gas Lease Operators
- Instrument Logging or Survey Work
- Acidizing or Cementing Services
- Cleaning or Swabbing Operations
- Perforating and Shooting
- Specialty Tool Operation by Contractors
- Recovery, Perforating, or Installation of Casing
Minimum premiums vary by carrier, starting at $2,500, depending on class and exposure.
Coverage Highlights and Available Endorsements
This program offers broad coverage options to help insureds manage the unique exposures of the oil and gas industry. Available coverages and enhancements may include:
- Blanket Additional Insured and Waiver of Subrogation
- In REM Coverage
- Gulf of Mexico Operations
- Non-Owned Watercraft Liability
- Pollution Coverage (Time Element and Full Pollution, depending on carrier)
These options provide flexibility to tailor policies for each client's operational footprint and risk level.
Underwriting Requirements
To receive a full underwriting review and the most competitive quote, agents should be prepared to submit the following documentation:
- 5-year payroll history
- 5 years of currently valued loss runs by line (within 120 days of requested effective date)
- ACORD applications for each line of coverage requested
- Completed supplemental applications
You can download the required Oil and Gas Contractors Data Sheet to streamline the submission process.
Program Availability
This offering is available in most states across the U.S., including key energy-producing regions such as Texas, Louisiana, Oklahoma, and Pennsylvania. Sloan Mason works with both admitted and non-admitted markets, depending on the state and risk profile, to ensure flexibility and competitive pricing.
Why Partner With Sloan Mason Insurance?
As a wholesale broker with deep specialization in oil and gas risks, Sloan Mason brings decades of experience and market access to agents and brokers nationwide. Their ability to secure terms from top-rated carriers and understand the nuances of energy accounts makes them a valuable partner for challenging placements.
Whether you’re placing a small contractor performing swabbing services or a larger operator with offshore exposure, Sloan Mason is equipped to help you navigate coverage options and underwriting requirements efficiently.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for oil and gas contractors and lease operators performing services such as geophysical exploration, cementing, casing installation, and offshore work up to 20% exposure.
Are offshore operations eligible for coverage?
Yes, accounts with up to 20% offshore exposure can be considered, depending on underwriting and carrier guidelines.
What is the minimum premium for this program?
Minimum premium varies by carrier, with starting points typically around $2,500, depending on the class of business and exposures.
What documentation is needed to get a quote?
Agents should provide 5-year payroll history, 5 years of loss runs (valued within 120 days), ACORD forms, and the applicable supplemental applications.
Which states is this program available in?
This program is available in most U.S. states, including major oil and gas regions like TX, OK, LA, and PA.
Need help placing an account? Connect with a market specialist.