Oil & Gas Protect combines a market-leading product, with swift and informed underwriting response, risk management solutions and local expert claims handling. This is all underpinned by our proven expertise and longevity serving the Oil & Gas sector.
Oil & Gas Protect provides a broad form definition of Employee that includes One Man Limited (OML) contractors. Use of OMLs has long been a staple feature of the industry’s diverse and complementary workforce. We recognise that the allocation of liability that exists within the Industry Mutual Hold Harmless deed (IMHH) can create a distinct relationship between our Policyholder and the OML’s they engage. Furthermore, we understand this relationship may require a particular level of Indemnity in favour of the end client from your policy cover.
Our Employers Liability policy can accommodate a variety of roles, from the drill deck to the control room. Our definition of Offshore Activity has been clarified and now includes FPSOs. We provide significant limit capability; from EL Indemnity through to Employee Related Accident Benefits – where we are providing more meaningful awards for accidents that have the most impact in the sector.
Our Oil & Gas Protect policy provides a Contractual Liability extension comprising a Waiver of Subrogation where required in Contract. We have specifically defined our Contractual Liability Extension to remove any ambiguity. As ‘standard’ Contracts are a thing of the past, we have removed references to them. Our cover now includes any required named Indemnitees, Indemnity to Principal, and Named Additional Insured status.
We understand the risks the sector faces today and the challenges it will face in the future. This is why we have re-examined our Policy Cover and introduced enhanced limits and cover, creating a compelling bespoke Oil & Gas wording.