In order to protect themselves and others, businesses need to have insurance. The type of coverage will depend on the nature of the business. For instance, businesses in the oil industry need to have a specific type of insurance, as there are a lot of known dangers that go along with this particular type of business. Not all insurance companies provide this type of insurance coverage, but there are many who do specialize in insuring companies in the gas and oil sector. They offer insurance packages that provide coverage for many things.
One of the most common types of oil and gas insurance in Conroe TX is cargo insurance. This covers all vehicles that carry fuel and oil, covering such things as pollution caused by a spill, response to environmental issues, etc. Fuel and oil are transported by truck, train, and ships, and are sent all around the world using these various shipping methods, which all need specific types of insurance coverage. Depending on the plan, specialized training for drivers may be included, as well as training on dealing with spills. Oil rigs and wells are also covered by this type of insurance, along with all other aspects of the drilling industry.
Oil and gas contractors have two options for liability insurance. There is on-shore and off-shore insurance, and these can work in conjunction, depending on the business. On-shore insurance covers such things as drilling and surveying wells and rigs that operate on land. Off-shore insurance provides liability coverage for wells and rigs in the water. Environmental coverage is also available, which offers coverage if there are accidents with oil and gas, such as spills or explosions.
Having oil and gas insurance in Conroe, TX is important for any company that is involved in the oil industry. In fact, it is required by Federal law that oil and gas companies carry specific types of insurance coverage. The best way to learn about all of the requirements is to talk to an insurance agent who specializes in this type of insurance for the oil industry. Contact Metro Allied Insurance to learn more.
