Oil & Gas Servicing

At Lloyd Sadd Insurance, our insurance programs for the oil and gas industry deliver broad and responsive coverage that can be tailored to individual client needs. We have the capacity to provide coverage for operations throughout most parts of the world and will combine a client's locally admitted and global insurance programs to prevent gaps in coverage.

Key coverage available in the following areas:

• Extra and expediting expense (helps pay for operating costs following loss, damage, or breakdown)
• Contingent business income insurance (protects against loss if a client's key suppliers or customers cannot operate due to a property loss)
• Transit insurance (covers repairs to equipment damaged while being  transported)
• Loss to physical assets (eg., pump jacks, tank batteries, storage tanks, wellheads, work-over rigs)
• Environmental liability (covers incidental property damage and clean-up costs, Lloyd Sadd Insurance offers both first- and third-party coverage)
• Forest fire fighting expenses
• Professional liability for on-staff engineers and oilfield consultants
• Automatic liability coverage for new operations

Key services available:

• Contract analysis
• Loss cost funding strategies and retention assessments
• Total cost of risk and coverage gap audits
• Loss prevention and control services
• Partnerships with dedicated, A-rated insurers