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Oil and Gas Insurance Information

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The oil and gas industry is an expansive and diverse space. Whether your company is upstream, midstream, downstream, transportation or a provider of supporting services, we have you covered. We take the time to thoroughly understand your company's structure, operations, risks, and any contractual relationships. 

We comprehend the subtleties of non-operated positions, the nuances of joint-operating agreements (JOAs), the complexities of environmental impacts and exposures associated with drilling operations, production, gathering systems, transportation and retail stores. This type of knowledge is integral to providing the best coverages and service possible in a complex insurance landscape.  

We work with over 110 of the nation's top carriers to find the right insurance for your company, no matter what type of work in oil and gas you do. 

Some of the most common insurance coverages that we provide in the energy sector are:


  • Property (Rigs and Contractor Equipment)
  • General Liability (Umbrella and Excess Liability Available)
  • Professional Liability
  • Well Control (Drilling & Service Contractors/Operators & Nonoperators)
  • Pollution
  • Commercial Auto
  • Inland Marine
  • Directors and Officers Liability
  • Cyber Liability
  • Surety Bonding
  • Workers Compensation
  • Group Health


At a Glance: Oil and Gas Insurance Risks

Businesses in the oil and gas industry face situations that require specialized insurance solutions. While, like other business, they need workers compensation insurance, general liability insurance, automobile insurance and property insurance, they also need policies that are specifically tailored to the equipment used for their business, potential environmental risks, and safety risks exclusive to their industry.

Oil and Gas Equipment

The machinery, tools, and rigs used in the field cannot be covered by a standard automobile policy or property insurance policy. Instead, rigs and equipment coverage is necessary. These pieces of equipment are not only expensive to repair or replace, but it can devastate a business when they are out of commission. Insurance can provide replacement cost or agreed value in order to help the company get back on track as quickly as possible. 

Environmental Concerns

Environmental damage caused by a malfunction or error that results in a spill can be devastating to an oil and gas company as well as the area and population affected by the spill. With cleanup costs and the potential for lawsuits, self-insurance is not always a practical option. Oil and gas equipment coverage will cover some of the cleanup costs but additional liability protection through an umbrella policy may be necessary.

Check out 3 major problem areas with saltwater disposal projects:  

Safety Risks

Employees of oil and gas companies can be exposed to far more risks than employees of other businesses. Providing employees with the peace of mind of having accidental death and dismemberment coverage as well as workers compensation coverage will not only help to maintain employee satisfaction and motivation, it will also help protect your business from potential claims you could face when an employee is injured or experiences a fatality on the job.

oil and gas industry coverages

Whether you're a pipeline contractor, oil and gas manufacturer/supplier, or a midstream company, we have the experience to tailor your insurance policy to what you need and the markets to ensure your costs won't hinder your company's growth.

Check out our blog for more Oil and Gas information here or fill out the short form below to have an expert get in touch.


If you didn't find what you're looking for, reach out to our local expert Tony at 303-466-7855.

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Alliance Insurance Group
710 Golden Ridge Rd., Suite 120
Golden, CO 80401

Phone: (303) 279-9700
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