Oil and gas contractor insurance
We have insurance readily available to accommodate this profession for such insurance covers Professional Indemnity, Public Liability and Employers' Liability.
Our premiums start as low as £400 per annum. Sourcing insurance cover for the oil and gas industry can be a complex process for insurance brokers, as it involves assessing a range of risks associated with exploration, production, transportation, and refining of hydrocarbons.
Here are some key steps that insurance brokers can follow to source insurance cover for the oil and gas industry:
Conduct a risk assessment: Insurance brokers should conduct a thorough risk assessment of the client's operations and exposures, including the type of oil and gas activities involved, geographic location, environmental and safety risks, and regulatory requirements.
Identify insurance requirements: Based on the risk assessment, we will identify the types of insurance coverages that are required, such as property damage, business interruption, pollution liability, directors' and officers' liability, and workers' compensation.
Research available insurance markets: We research the available insurance markets that offer coverage for the oil and gas industry, including specialist insurers and Lloyd's syndicates.
Build relationships with underwriters: We endeavour to build strong relationships with underwriters who specialise in the oil and gas industry to obtain access to their expertise and knowledge.
Negotiation: We will negotiate insurance terms and conditions on your behalf with underwriters to ensure that the policy provides adequate coverage and is tailored to your requirements.
Manage the policy: Once the policy is in place, we provide ongoing support to the client, including managing claims and ensuring that the policy is updated to reflect any changes in the client's operations or risks.
Get A Quotation
Please contact Janine Eagles or complete this form to obtain a quotation.
Leslie B Holmes (Securities) Ltd Trading as LBH Insurance, is registered as a limited company in England and Wales under company number 00473495.
We are authorised and regulated by the Financial Conduct Authority (FCA)reference number 310578.