General liability, meet errors and omissions insurance. Get a custom package at preferred rates for contractors in the oil and gas sector.
Whether you’re a consultant, supervisor, well site geologist, mud logger or work in other roles in the oil and gas sector, you likely already have general liability insurance as contractually required. A valuable addition to your insurance portfolio is errors and omissions insurance.
Errors and omissions insurance is a type of professional liability insurance that protects companies and professionals against claims of inadequate work or negligent actions made by clients. It’s designed to provide coverage in the event your operations cause a third-party financial loss. This protects you and the companies you are working with.
Projects within the oil and gas industry involve significant financial investments. Any error or oversight by a supervisor or consultant could lead to substantial financial losses due to non-productive time, damage to equipment or loss of natural resources. Mistakes can have far-reaching consequences, including environmental damage, financial loss and safety incidents. Carrying the errors and omissions coverage provides an additional layer of protection for contractors and the companies employing them.
Our custom oil and gas insurance program combining general liability and errors and omissions insurance can help you mitigate risk – at preferred rates exclusive to NFP.
Coverages included in the general liability and errors and omissions insurance program:
- Bodily injury
- Property damage
- Pollution
- Personal and advertising injury
- Products completed operations
- Medical expense
- Tenants' legal liability
- Employee benefits and employers' liability coverage
- Financial loss
- Breach of contract
- Vicarious liability
- Contingent bodily injury and property damage
- Coverage for hired sub-contractors.
Optional Add-on Coverage
- Coverage for tools
- Cyber insurance, including extortion.
- Legal expenses
- Higher limits of liability available on request
Contact Us to Get Started
Already spoken to an NFP representative? Continue the conversation at OGprogram@nfp.ca.
Mitigate high-stakes risks with preferred coverage for energy professionals.