INSURANCE ADVISORSOil and natural gas work brings together equipment, contracts, vehicles, people and environmental exposure. Wave helps Texas energy businesses identify the coverage questions that need attention, with options subject to specialist market availability and underwriting.
Discuss oil & natural gas insurance ↗
Start with your precise activities: operating wells, field services, maintenance, hauling, pipeline work or other energy services. Review general liability, completed operations, exclusions, contract requirements and available excess liability.
Bring master service agreements and a description of the work your crews actually perform. We discuss additional insured requirements, completed operations, and the way the proposed policies address your activities.
Discuss owned and leased equipment, tools, scheduled property, equipment in transit and property of others. Valuation, breakdown, theft, location restrictions and underground or downhole exclusions can materially change protection.
A tool at a shop, equipment in transit, and machinery working at a remote site may need different treatment. Clear equipment schedules and location information help define the questions for underwriting.
Spills, releases, cleanup costs and claims from others can require specialized environmental insurance. General liability pollution coverage is often restricted. Review site versus contractor exposures, transportation, waste disposal, reporting triggers and exclusions.
Consider what could be released, where it could travel, and whose property could be affected. Cleanup obligations, gradual releases, and the handling of waste deserve specific questions rather than assumptions about a standard liability form.
Service trucks, fleets and hauling activities require a review of drivers, radius, cargo and vehicle use. Auto liability, physical damage, motor truck cargo and pollution during transportation are distinct questions. Disclose hazardous materials and subcontracted hauling.
Changes to cargo, routes, drivers, or the type of hauling can change the exposure. Tell us before taking on new transportation work so the applicable policies and contractual requirements can be reviewed.
Discuss workers’ compensation, job classifications, work locations and subcontractor insurance. Additional insured wording, waivers and contract provisions require review; a certificate alone does not change a policy or prove every obligation is met.
Work at customer sites can involve several employers and contractors. We discuss who performs each task and which insurance requirements apply, while referring legal interpretations of indemnity provisions to your attorney.
Operators may need a specialist review of well control, redrilling, seepage/pollution and related exposures. These are specialized forms with their own triggers and exclusions. Availability for your operation must be established before coverage can be proposed.
We distinguish these needs from routine equipment and liability coverage. The activities performed and the insured interest must be confirmed with the relevant market before any specialist terms can be relied upon.
Based in Arlington, Wave serves Dallas and Fort Worth and businesses throughout Texas. Start with a conversation so we can identify the information and applications relevant to your operation.
No. A contractor providing field services, producer, equipment owner and transportation business can have very different risks. We begin with the work performed, locations, contracts and loss history before discussing available markets.
Do not assume so. Pollution exclusions and limited exceptions vary. A separate environmental policy or endorsement may be needed, and well-control coverage is another distinct specialist review.
No. Appetite, capacity, pricing and eligibility depend on the activity, insurer and underwriting. We will confirm what options are obtainable for your operation and explain any needs requiring further specialist review.
Coverage availability, eligibility, limits, deductibles, and exclusions vary by insurer and operation. These descriptions are general information; only the issued policy and endorsements determine coverage.