Oil & Gas Insurance
Risk Management and Insurance for the Oil and Gas Industry
The birth of the U.S. oil and gas industry happened right here in western Pennsylvania when drilling on the Drake Well in Titusville was completed in 1859 — the nation’s first commercial oil well. Gilbert’s Risk Solutions has been inextricably linked with this industry since its founding, and continues to provide insurance for oil and gas operations today.
We insure midstream and upstream companies in the petroleum industry, working with companies ranging from exploration and production to transportation, storage, and wholesale marketing of oil and gas products, along with related industries.
Risks in the Oil & Gas Industry
The oil and gas industry carries a distinct set of high-stakes exposures: well blowouts, environmental contamination, equipment breakdown, worker injury, and transportation liability.
Environmental and Pollution Liability
Environmental and pollution liability coverage is critical for any company involved in drilling, extraction, or transport — covering cleanup costs and third-party claims resulting from a spill, leak, or contamination event.
While we’re proud to call Pennsylvania our home, we’ve helped businesses all across the country manage their risk, and we look forward to helping you too, no matter where you call home.
Oil & Gas Insurance Coverage
Due to the high-risk nature of the oil and gas industry and the specialized expertise required to manage it, many agencies take a hands-off approach. Gilbert’s Risk Solutions not only understands this industry, we have decades of experience servicing it — including strong expertise in Master Service Agreement (MSA) compliance, contracts, and bonds.
Common Insurance Coverages and Expertise:
- Commercial General Liability
- Commercial Auto
- Workers’ Compensation
- Excess Liability Insurance
- Umbrella Insurance
- Inland Marine
- Equipment
- Pollution
- Employee Benefits Liability
- Professional Liability
- Bonds
- Contract Expertise, including Master Service Agreements (MSA)
- Compliance Expertise
- Employee Benefits, EAP
Our Goal Is to Be Your Outsourced Risk Management Partner
A single well blowout, spill, or transport incident can threaten your operation’s finances and reputation. We think the companies we insure deserve a broker with more than just access to the right insurance companies — you need genuine oil and gas industry expertise on your side.
Industry Expertise
Gilbert’s Risk Solutions is experienced in high-risk industries and handling tough claims. Our Risk Management and Loss Prevention Consultants have deep knowledge of the petroleum industry and are experts at working with management to implement proactive safety and loss prevention programs. We also have a team experienced in managing complex Bond and Contract issues, including Master Service Agreements (MSAs).
360 Degree Approach
One of the highlights of working with the Gilbert’s team is that we can leverage our expertise to take a 360-degree view of your operations, ensuring all aspects of your business are secure. Our team of experts in Employee Benefits, Loss Control, Surety Bonds, and Contracts are all available to our clients, offering a multi-pronged approach to risk mitigation.
Our RISK SHIELD® Process
Our clients in the oil and gas industry find great value in our risk management approach, which identifies the unique exposures your operation faces and implements a comprehensive loss control plan to mitigate them. This goes beyond simply finding the right financial vehicle to insure your risk — it encompasses identification of and recommendations for any aspect of your operations that poses potential risk.
CONSULT
DESIGN
BUILDING
MAINTAIN
Oil and Gas Insurance FAQs
Pollution liability covers cleanup costs and third-party claims resulting from a spill, leak, or contamination event — an essential coverage given the environmental exposures inherent to drilling, extraction, and transport.
Workers' compensation typically covers injuries sustained at a well site, though the high-risk nature of the environment often calls for additional loss control measures and specialized safety programs.
Companies transporting oil and gas products typically need commercial auto coverage tailored to hazardous materials transport, along with pollution liability to address spill-related exposure during transit.
Premiums are based on factors like the type of operation (upstream, midstream, or downstream), claims history, safety programs, and the specific exposures tied to your equipment and processes.
