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

 

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

 

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

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


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


Auto (in conjunction with GL)

  • HNOA only available as stand-alone
  • Target accounts with 20 or fewer units (no trucking)
  • Pollution available
  • Deductibles from $500 and up


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 

  • Auto PD – hot oilers, vacuum trucks
  • Oil lease property, rigs, equipment
  • Excess CCC

 

Increased cost of drilling and/or completion (ICDC)

Our colleagues at Worldwide Energy Programs (an Amwins company), 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

Dylan Brightman
Senior Associate Underwriter
Amwins Program Underwriters - Plano, TX
214.618.6725 dylan.brightman@amwins.com
Shawn Fabors
Managing Director
Amwins Program Underwriters - Plano, TX
214.618.6721 shawn.fabors@amwins.com