Oil, Gas, & Energy Sector Insurance Coverage
Oil, Gas, & Energy Sector Insurance CoverageThe energy industry is constantly changing and evolving, which can leave companies exposed to new, and potentially significant liabilities at a moment’s notice. ARC Insurance understands the unique exposures those in the oil, gas and energy industry face and provide comprehensive and customized insurance plans to address these risks.
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Risk Management for the Energy Sector
The experts at ARC Insurance are ready to help your company manage the risks and challenges that come along with being in the energy sector. We’ve done the research so you don’t have to, and provide coverage tailored to the services or products you offer. We work with a diverse range of companies, such as:
- Oilfield consultants and contracts
- Geologists
- Site supervisors
- Pipefitters
- Solar & other renewable energy companies
- Welders
- Pipeline operations and construction
- Natural gas storage operations
- Refining and processing centres
Customized Insurance Solutions For Albertan Companies
Optimal protection often requires the perfect combination of several insurance policies. Energy companies (both renewable and nonrenewable) are unique in the fact that in addition to the regular business coverage, they also require policies tailored to the equipment they use, potential environmental risks, and safety risks. Here at ARC Insurance, we will review your business with you, assess potential risks and then offer you a plan that best fits the needs of your company and will help protect you against any unforeseen risks.
Our coverage options include, but are not limited to:
- Commercial property coverage
- General liability
- Professional liability / Errors and omissions insurance
- Environmental insurance
- Business interruption
Environmental Insurance Policies
Those in the energy sector should consider adding environmental coverage to their insurance policy as general liability won’t be enough if your company gets hit with a pollution claim. These policies are meant to address any liability related to pollution and/or environmental damage resulting from accidents, negligence or erroneous operations.
Environmental coverage isn’t just for oil & gas companies; renewable energy companies are also subject to claims of environmental damage. Due to the unknown nature of environmental conditions, a pollution claim can pop up at any time and can have devastating costs. Talk to your broker to see if this coverage is right for you.
Dedicated To The Needs of The Energy Industry
From oil fields to solar farms, energy companies need insurance coverage that is going to cover both their assets and personnel. Give us a call or start a quote today to learn how ARC Insurance can help protect your business.
