Oil and gas insurance

Your expert in the field

Oil and gas insurance and so much more

  • Property insurance
  • Contractors' equipment
  • Business interruption
  • Liability
  • Limited Pollution Liability
  • Motor truck cargo
  • Commercial vehicle insurance

Oilfield Services operations face unique risks, as equipment used in the industry has special exposures not covered by traditional contractor equipment forms. To close these gaps, Economical drills deep with unique coverages that offer a broad spectrum of options tailored to fit the unique needs of each operation. Plus, our Expert® Oilfield Services insurance is backed by experienced, local underwriters, responsive claims specialists, and a professional risk control team.

Oil and gas contractors' equipment coverage highlights

  • Rental reimbursement
  • Fishing expenses
  • Damage to contractors’ equipment located underground
  • All risk blanket coverage
  • Debris removal
  • Premium adjustment
  • Newly acquired equipment
  • Ice and muskeg
  • Rented equipment
  • Contractors’ equipment – permission to rent
  • Replacement cost of equipment up to five years old
  • Waiver of subrogation in the event of an intentional blowout
  • Waiver of subrogation for contractors’ equipment loaned to others
Talk to a broker to learn more

Who we can cover

Our Expert Oilfield Services Insurance protects contractors providing services to the conventional and unconventional oil and gas industry, primarily in the upstream and midstream sectors, including:

  • Oilfield subcontractors with more than $500,000 in receipts
  • Contractors operating under the Canadian Association of Oilwell Drilling Contractors/Canadian Association of Petroleum Producers Master Well Service Contracts
  • Businesses that have been operational for at least 3 years
Talk to a broker about your options

Protecting your business is our business

We believe in keeping you safe and sound — both before and after a claim.

Our in-house team of risk consultants can help you identify hazards and avoid losses before they even happen. Our complimentary loss-prevention program includes:

  • On-site risk analysis and thermography scanning of heating and electrical systems, fire protection systems, flammable or combustible liquids, and exposure to crime
  • Training seminars, prevention tools, and tip sheets
  • Analysis of claims and accident trends

And when the unexpected does happen, we’ll be there when you need us most. Economical provides superior claims handling through a collaborative settlement approach.

Why choose us?

We’ve been doing this for a long time, and we take pride in getting our customers’ businesses back to normal as quickly as possible. With a specialized team of more than 600 claims professionals on your side, we’re committed to providing you with the service and expertise you deserve – 24 hours a day. Your satisfaction is our top priority, and it’s guaranteed.

Learn about our service guarantee