INSURANCE MARKETS AGENCY INC offers a robust Energy/Oil & Gas Liability Insurance program designed specifically for agents and brokers serving clients in the energy sector. Whether your insured is a contractor, consultant, equipment hauler, or manufacturer, this program is built to address the unique liability exposures that come with oil and gas operations. With access to multiple carriers and flexible underwriting, we are equipped to handle a broad range of risks within this high-hazard industry.
Coverage Highlights:
- Commercial General Liability
- Pollution Liability
- Professional Liability
- Follow Form Excess
- Unsupported Excess
Target Classes:
- Contractors:
- Drilling of water wells
- Plug and abandonment operations
- Geophysical services
- Oilfield contractor services
- Wireline services (electrical log analysis)
- Tank cleaning, sandblasting, and painting
- Pumper/Gauger services
- Flowback and gathering line construction
- Plant maintenance and plant turnaround
- Vacuum services
- Valve installers and re-packers
- Coil tubing and fishing services
- Consultants (Observe and Report Only):
- Geologists
- Geophysical/Seismic Engineers
- Reservoir Engineers
- Drilling Fluid Engineers
- Pipeline Consultants (excluding construction)
- Measurement While Drilling (MWD) Consultants
- Landmen
- Mud Loggers
- Other Eligible Classes:
- Oil & Gas Well Lease Operators
- Salt Water Disposal Wells
- Salt or Fresh Water Haulers
- Oilfield Equipment Haulers
- Sales and/or Leasing of New Tools or Equipment
- Installation, Service, and Repair of Machinery
- Drilling Mud Dealers
- Tank and Vessel Manufacturers
- Valve Manufacturers and Remanufacturers
- Oilfield Equipment or Tools Manufacturers
- Non-destructive Testing Services
Coverage Limits: $1M/$2M Primary; $5M/$5M Excess
Minimum Premiums: Range from $2,500 to $7,500 depending on class and risk profile
Underwriting & Availability:
Our Energy/Oil & Gas Liability program is written on a non-admitted basis, giving us flexibility in crafting solutions for complex or higher-risk accounts. We work with a variety of carriers to match each submission with the most appropriate market. Currently, this program is available in Pennsylvania (PA) and New Jersey (NJ).
Why Work With INSURANCE MARKETS AGENCY INC?
As a trusted Managing General Agency and Excess & Surplus Lines Broker, INSURANCE MARKETS AGENCY INC brings decades of experience in placing tough-to-place risks in the energy sector. We understand the operational hazards and liability issues your clients face and are here to help you find competitive solutions quickly. Whether you're working on an account for a geophysical consultant or a vacuum truck service company, our team—including Ryan, Bill, Peter, or Joe Tierney—is ready to assist you from submission to binding.
To learn more about our Energy/Oil & Gas Liability Insurance program or to discuss a specific account, call us today at 570-586-1471 and ask for Ryan, Bill, Peter, or Joe Tierney.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for oilfield contractors, geophysical consultants, equipment haulers, machinery installers, and other service providers operating in the energy sector.
Is this program available in all states?
No, currently the Energy/Oil & Gas Liability Insurance program is available only in Pennsylvania (PA) and New Jersey (NJ).
What is the minimum premium for this program?
Minimum premiums typically range from $2,500 to $7,500, depending on the class of business and risk characteristics.
Are consultants eligible under this program?
Yes, consultants involved in observe-and-report operations—such as geologists, reservoir engineers, and MWD consultants—are eligible.
Is the coverage written on an admitted or non-admitted basis?
This program is written on a non-admitted basis, allowing greater flexibility in underwriting complex risks.
Need help placing an account? Connect with a market specialist.