Energy Industry Workers Compensation: Coverage for Oil, Gas & Power Operations
Reading Time: 2 minutesWorkers’ compensation for the energy industry covers some of the highest-risk occupations in the economy — roughnecks, rig hands, pipeline welders, power plant operators, and field service technicians. Classification codes for energy workers carry elevated rates because the frequency and severity of injuries in oil, gas, and power operations far exceed most other industries. In […]
Surety Bonds For Your Energy Company
Reading Time: 2 minutesThis coverage is one piece of a broader energy insurance program. For a full overview of how the pieces fit together for oil, gas, and power operations, see our guide to Houston energy insurance coverage. Surety Bonds For Your Energy Company Assessing Surety Bonds in Energy Starting off, let’s understand the role of surety […]
Energy General Liability Insurance: Coverage, Cost, and Risk Management for Oil, Gas, and Power Operations
Reading Time: 3 minutesEnergy General Liability Insurance: Coverage, Cost, and Risk Management for Oil, Gas, and Power Operations Key Takeaways for Energy Risk Managers Energy GL is not standard GL: Standard commercial general liability policies contain pollution exclusions, professional services exclusions, and aggregate limits that leave energy operations critically exposed Cost range: $15,000–$150,000+ annually for energy-specific GL depending […]
Safeguarding Power Infrastructure: The Role of Asset Insurance
Reading Time: 2 minutesSafeguarding Power Infrastructure: The Role of Asset Insurance Understanding Risk in the Energy Sector Firstly, the energy sector is fraught with unique challenges, posing a substantial risk to energy-related assets. Environmental conditions, technology disruptions, and geopolitical shifts all play a significant role in this industry’s dynamic landscape. However, one cannot neglect the critical function […]