Oil & Gas

A comprehensive insurance solution for upstream & land-based oil and gas operators, non-operators, and service contractors.
Oil & Gas

Amwins Program Underwriters' Oil & Gas program provides comprehensive insurance solutions for upstream & land-based oil and gas operators, non-operators, and service contractors across the U.S. and Canada.  The program offers stand-alone or package coverages on an admitted or non-admitted basis.

Regaining control of a well can be an expensive process, including pollution, clean-up, re-drilling, and restoring the well back to operation. That's why the Oil & Gas program developed unique coverage for operator’s extra expense (control of well) to ensure your upstream oil and gas accounts are properly covered.

 

Eligible accounts

  • Operators/non-operators
  • Drilling and servicing contractors
  • Roustabout, welding, wire line, pipeline
  • Rental contractors
  • New and used equipment sales
  • Acidizing, perforating, instrument logging, electrician

 

Operator's extra expense (control of well)

  • $50M OEE & $5M CCC capacity
  • Re-drilling expense
  • Sudden & accidental seepage, pollution & contamination including removal
  • Unsound location
  • Underground blowout
  • Evacuation expense
  • Deliberate well firing
  • Making well safe
  • Earthquake buy-back option available


Excess & umbrella (in conjunction with GL & mono-line)

  • $10,000 or $25,000 SIR
  • $2,500 minimum premium first layer
  • $30M capacity


    General liability

    • Time element pollution - 30/90 discovery and reporting
    • Ability to include underground resources, underground equipment, stop gap, employee benefits, per project aggregate
    • Including blanket AI/WOS, explosion, blow out, cratering, primary/non-contributory
    • Available in all states (some exclusions may apply depending on operations)
    • $5,000 minimum premium


      Property/inland marine (in conjunction with GL or mono-line)

      • Upstream & midstream
      • Oil lease property
      • Rigs & equipment
      • Processing plants & associated property, contractors plant & equipment, gathering systems & more
      • $50M TIV capacity

       

      Physical damage 

      • Oil lease property, rigs, equipment
      • Excess CCC

       

      Increased cost of drilling and/or completion (ICDC)

      We also offer clients a first-of-its-kind insurance solution for land-based oil and gas lease operators responsible for drilling unconventional wells across the U.S. 
      Click here to learn more!  

       

      Oil & Gas
      Program details

       

      Availability

      The program is available in all U.S. states and Canada

       

      Minimum premium

      Varies 

       

      Limits

      Various

       

      Carriers

      A.M Best Rated "A"

       

      Submission requirements

      • Completed Oil & Gas supplemental
      • Completed Control of Well application
      • Completed industry standard application
      • Five year currently valued loss runs
      • Underlying auto information (if requested)
      • Control of Well schedule

       

      Contact Us

      Matt Begnaud
      Senior Vice President
      Amwins Program Underwriters - Houston, TX
      832.319.6767 matt.begnaud@amwins.com
      Courtney Iezzi
      Senior Associate Broker
      Amwins Program Underwriters - Houston, TX
      832.319.6765 courtney.iezzi@amwins.com
      Matthew Mcdougald
      Senior Associate Broker
      Amwins Program Underwriters - Houston, TX
      832.319.6766 matthew.mcdougald@amwins.com