Oil & gas operations · The details

Insurance considerations for oil & gas operations

A focused introduction to the areas worth discussing. These descriptions identify questions; they do not establish coverage.

In Canada, ask about the rules and provider availability in your province or territory. Insurance Bureau of Canada · Business insurance ↗

Operational liability

Discuss third-party injury, property damage, contractual obligations, and operator requirements.

Bring the detail

Prepare operations summary and site locations. Explain any changes since your last insurance review and ask how the proposed terms address them.

Check the wording

Review the insured activities or property, exclusions, limits, deductibles, territory, and any conditions you must follow. Confirm who is named and when protection would start.

Rig & equipment

Review scheduled values, machinery exposures, breakdown options, and transit between sites.

Bring the detail

Prepare equipment schedule with replacement values. Explain any changes since your last insurance review and ask how the proposed terms address them.

Check the wording

Review the insured activities or property, exclusions, limits, deductibles, territory, and any conditions you must follow. Confirm who is named and when protection would start.

Environmental risk

Ask a specialist about pollution exclusions, clean-up exposures, and the need for dedicated cover.

Bring the detail

Prepare operator contracts and insurance requirements. Explain any changes since your last insurance review and ask how the proposed terms address them.

Check the wording

Review the insured activities or property, exclusions, limits, deductibles, territory, and any conditions you must follow. Confirm who is named and when protection would start.

Details that shape the comparison

Work scope and territory

Onshore, offshore, downhole and cross-border operations need an accurate description.

Equipment values and movement

Supply schedules, transit responsibilities and hired-equipment agreements.

Contracts and loss history

Give operator requirements and explain material prior incidents and controls.

Record two offers in your comparison worksheet →

Look at the whole picture

Separate policies may address different risks. Ask the provider to explain any gaps or overlaps, and keep written confirmation of the answers that matter to your circumstances.

Read: Preparing an oil and gas insurance submission →