RISC Inc. offers a specialized Energy Select program designed to meet the unique insurance needs of oil and gas contractors. This program provides access to General Liability, Commercial Auto, and Excess Liability coverage with limits up to $5,000,000. Coverage is written on a non-admitted/surplus lines basis through Zurich North America, an AM Best A+ rated carrier, giving your clients the flexibility and strength needed to manage high-hazard energy sector risks.
Ideal Accounts and Appetite
- Land-based oil and gas exploration, production, and servicing contractors
- Operators and non-operators, drilling contractors, welding contractors
- Well servicing and lease work contractors (including gathering/flow line construction)
- Over-the-hole operations such as wireline, acidizing, fracturing, and hot oil units
- Machinery and equipment rental companies
- Support operations such as equipment distributors, domestic pipe distributors, and chemical suppliers
Whether you have a client managing a fleet of wireline trucks or providing well servicing across multiple states, this program offers the flexibility and risk management tools needed to protect their business.
Coverage Highlights and Advantages
- Primary General Liability, Commercial Auto, and Excess Liability available
- Up to $5M in liability limits
- Full policy limits available for key exposures such as:
- Time element pollution
- Underground resources and equipment
- Blowout and cratering
- Explosions and other catastrophic losses
- Mobile equipment (over-the-road) coverage for workover and servicing rigs
- Non-admitted market flexibility in forms, coverages, rates, and fees
Underwriting Notes and Minimum Premiums
This program is underwritten with a focus on high-hazard energy contractors operating on land. The minimum premium varies based on operations, exposures, and territory. Due to the specialized nature of oil and gas risks, each submission is reviewed for eligibility and pricing flexibility through the surplus lines market.
Territories and Availability
The Energy Select program is available in most states, including but not limited to TX, OK, LA, CO, NM, ND, and WY. In total, the program is accessible in over 48 states and Washington, DC. This broad availability allows you to place regional and multi-state energy accounts with confidence.
Why Work With RISC Inc.?
As a trusted Program Administrator, RISC Inc. brings deep expertise in the energy sector and a commitment to helping agents place complex oil and gas contractor risks. With access to Zurich NA’s A+ rated paper and a flexible underwriting approach, RISC is well-equipped to help you secure tailored coverage that meets your clients' demands in a challenging industry. From exploration to servicing, we understand the exposures and deliver solutions that work.
Contact RISC today to learn how our Energy Select program can help you place your next oil and gas contractor account.
Frequently Asked Questions
What types of accounts are a good fit for this program?
The program is ideal for land-based oil and gas contractors involved in exploration, drilling, well servicing, equipment rental, and distribution of machinery, pipe, or chemicals.
Is coverage available in my state?
Yes, the program is offered in most states, including TX, OK, LA, CO, NM, ND, WY, and many more. Check with RISC for specific state eligibility.
What limits are available under this program?
Up to $5,000,000 in liability limits are available, including General Liability, Commercial Auto, and Excess Liability.
Does the program cover pollution and underground resources?
Yes, full policy limits are available for time element pollution, underground resources, blowout, cratering, and explosion exposures.
Who is the carrier for this program?
The program is written through Zurich North America, an AM Best A+ rated carrier.
Need help placing an account? Connect with a market specialist.