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Industries

Insurance for Energy Risks

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The energy service industries have seen significant growth in the last several years. Due to an increase in domestic energy production and more green energy initiatives, we have seen a major opportunity for agents to make energy-related insureds part of their books. These insureds range anywhere from large oil field operations to contractors focusing more on alternative energy sources.

Specialty Program Group has experience working with a wide range of energy clients. We are here to help you; we can assist you in explaining the value in having insurance for your energy clients and seek the options that best suit them.

Common Classes of Business with Energy Risks

Energy risks include any clients you may have that are involved in the energy service and support industry. While contractors involved in oil field work may be the most often thought of when examining your books for insureds in the energy-related business, there is a broad spectrum of services that would fit into this category. From prep contractors and consultants to the lease cleanup crew, SPG can access a variety of markets for your clients involved in the following industries:

Oilfield Consultants

Environmental emphasis, permitting, compliance, health, and safety type work including confined space entry and evacuation. SPCC Plans. Some drill site supervision as project manager but no down hole engineering.

Loggers

Inspect, monitor, and analyze the data that is generated while drilling a wellbore. This will include looking at cuttings as well as testing for levels of oil or gas in the mud.

Lease Preparation

Contractors who will clear sites, construct road, dig pits and lay on water lines in order for the drill rig to be brought onto the site and start drilling. They are not involved in the drilling operations.

Lease Clean Up

Once a well site is finished, these contractors will dismantle the site and restore it to almost its original state. May include fencing in equipment and/or regular ongoing maintenance of the site.

Emergency Response

Spill response contractors who clean up spills and accidents at the site and/or over the road. Would not include blow-out or well control.

Pipeline

All types of pipeline contractors.

Storage Tanks

Contractors installing tanks/tank farms or gathering stations.

Salt Water Disposal

SWD transporting companies.

Refinery

Turnaround/maintenance contractors.

Water Supply

Well drillers for fresh water supply at a well site.

Facilities

Tank Farm Operators, Salt Water Disposal Operators, and Refining Operators.

Additional categories of acceptable energy contractors and consultants would include, but not be limited to:

  • Roustabout contractors
  • Oilfield cleanup contractors – after the drilling is done – plugging wells, equipment removal, site cleanup
  • Salt water haulers
  • Solar contractors
  • Wind turbine contractors
  • Geothermal contractors
  • Alternative energy contractors – construction of biodiesel facilities
  • Pumpers
  • Dirt work contractors
  • Wireline
  • Oil field electricians
  • Flow line and pipeline contractors
  • Compressor rental & installation
  • Welding & tank battery construction
  • Energy Auditors/Consultants – includes sustainable development, green building construction, LEEDs certification training
  • Health & Safety Consultants – Oilfield
  • Pipeline Consultants/Inspectors
  • Consultants – Eyes & Ears type no direct control of subs
  • Environmental Consultants
  • Safety Consultants
  • Mud Consultants
  • Efficiency Consultants
  • Drilling Consultants
  • Analytical Laboratories

Alternative Energy Accounts

In addition to traditional oil & gas accounts, SPG addresses the changing needs of alternative and renewable energy industries, including electricity, biodiesel, hydrogen, ethanol, natural gas, solar, propane, etc.

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