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. Beacon Hill Associates 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, Beacon Hill 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.
- 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
- Dirt work contractors
- 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, Beacon Hill addresses the changing needs of alternative and renewable energy industries, including electricity, biodiesel, hydrogen, ethanol, natural gas, solar, propane, etc.
What is Contractors Pollution Liability Coverage?
Contractors Pollution Liability insurance (CPL) is coverage designed to protect from third party claims for damages caused by “Pollution Conditions” arising from the insured’s covered operations. Adding “Mold” coverage broadens the defined list of covered pollutants to include molds, funguses, etc.
How Does Contractors Pollution Liability Coverage Work . . .
What is a Contractors Professional/Pollution policy?
The Contractors Pollution Liability/Professional Policy is a combined Pollution and Professional coverage form. It provides coverage to general contractors, construction managers, and various trade contractors who could potentially have both pollution and professional claims; CPL/Professional provides coverage for E&O exposures for contractors.
Do contractors . . .
What is Site or Premises Pollution Liability Insurance?
Site Pollution Liability insurance is designed to cover claims arising from pollution releases at, on, or emanating from a specific scheduled location. A “location” can be as broad as an entire piece of property or as narrow as a specified storage tank.
Site Pollution Liability Insurance is . . .
What is a Transportation Pollution Liability policy?
Transportation Pollution Liability, or TPL, is “over the road” pollution insurance. It covers insureds who need protection for pollution conditions caused during transportation. This coverage can also include loading/unloading should the insured’s cargo create a pollution condition.
Why is TPL important?
TPL is important because it . . .