Business Insurance
Oil & Gas Insurance
Oil and gas insurance protects the contractors and operators who work Alberta's energy patch: the liability, equipment, pollution, and well control exposures that standard commercial policies were never built for. We place coverage for everyone from a one-truck oilfield consultant to multi-rig service companies, and we speak the language your MSAs are written in.
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Who we cover
If your revenue comes from a wellsite, a pipeline right-of-way, a plant gate, or a renewable project, this is your page. Energy work is priced by operations class, so the more precisely we can describe what you do, the better your program fits and the better it quotes.
- Drilling contractors and directional drilling companies
- Well servicing, workover, and completions contractors
- Wireline, swabbing, and coiled tubing operators
- Cementing, acidizing, perforating, and pressure services
- Oilfield consultants, wellsite supervisors, and safety supervisors
- Vacuum trucks, water hauling, and fluid haulers
- Hot shot and oilfield trucking operations
- Lease construction, earthworks, and reclamation contractors
- Pipeline construction, integrity, and maintenance crews
- Production operators, batteries, gas plants, and compression
- Oilfield equipment rental and fabrication shops
- Solar, wind, and renewable energy contractors
What's typically included
An energy program is a stack of coverages matched to your operations, and the gaps between them are exactly where oilfield claims live. Standard commercial policies exclude pollution and well control almost entirely, so the endorsements and standalone policies below do the real work.
- Commercial general liability (CGL) with oilfield extensions
- Sudden and accidental pollution liability
- Contractors pollution liability (CPL) for gradual and job-site exposures
- Control of well coverage: blowout response, well capping, redrilling, and resulting cleanup
- Rig physical damage for service rigs and drilling rigs
- Contractor's equipment floaters, including downhole tools
- Care, custody, and control coverage for customer property in your hands
- Commercial auto and fleet, including dangerous goods hauling
- Equipment in transit and non-owned equipment
- Business interruption when an insured loss idles a rig or crew
- Umbrella and excess liability to meet MSA limit requirements
- Additional insured and waiver of subrogation endorsements for operators
This is an overview. All coverages, limits, and exclusions can only be confirmed by a licensed MyBrokers broker on a quote tailored to your specific policy.
What moves the premium
Energy underwriters rate the operation, not the industry. Two companies with the same revenue can pay very different premiums depending on how much of their work touches an active wellbore, what iron they run, and how their safety file reads. Documentation pays for itself here.
- Operations class: consulting quotes differently than drilling or downhole services
- Share of work performed on active well sites versus shop or office
- Equipment and rig values, including leased and rented iron
- Fleet size, radius, and dangerous goods exposure
- Revenue, payroll, and subcontractor use
- Liability limits your MSAs require, with 5 to 10 million common
- Claims and incident history
- Safety program strength: COR certification and ISNetworld, ComplyWorks, or Avetta standing
Ready for a quote on oil & gas insurance? Talk to a real broker who specializes in it.
Frequently Asked Questions
What does oil and gas insurance cover?
Oil and gas insurance is a program, not a single policy. Built properly, it stacks liability, pollution, well control, and equipment coverage so a wellsite incident does not land in an exclusion. Typical pieces include:
- Commercial general liability with oilfield extensions
- Sudden and accidental pollution, plus contractors pollution liability
- Control of well coverage for blowouts, capping, and redrilling
- Rig physical damage, contractor's equipment, and downhole tools
- Commercial auto and fleet, including dangerous goods
- Umbrella and excess limits to satisfy MSA requirements
This is an overview. All coverages, limits, and exclusions can only be confirmed by a licensed MyBrokers broker on a quote tailored to your specific policy.
How much does oilfield insurance cost?
There is no flat rate: an oilfield consultant working from a truck and a laptop sits at the low end, while drilling and downhole service companies carry the heaviest premiums. Underwriters price your specific operation using:
- Operations class and how much work happens on active well sites
- Equipment values, fleet size, and hauling radius
- Revenue, payroll, and the liability limits your contracts demand
- Claims history and safety credentials such as COR certification
Who needs oil and gas insurance in Alberta?
Practically anyone invoicing an operator or a prime contractor in the energy sector, because the Master Service Agreement makes coverage a condition of getting on site. That includes:
- Service and supply contractors signing MSAs with operators
- Oilfield consultants and wellsite supervisors working as independent contractors
- Trucking and hauling operations entering lease roads and plant sites
- Renewable energy contractors on solar and wind projects
Does a standard CGL policy cover pollution or well control?
Almost never, and this is the most expensive assumption in the patch. Standard commercial general liability policies carry broad pollution exclusions and say nothing about controlling a well. Closing the gap takes dedicated coverage:
- Sudden and accidental pollution endorsements for abrupt spill events
- Contractors pollution liability for job-site and gradual exposures
- Control of well coverage for blowout response, capping, redrilling, and resulting pollution cleanup
- Review of your MSA wording so the coverage you buy matches the risk you signed for
This is an overview. All coverages, limits, and exclusions can only be confirmed by a licensed MyBrokers broker on a quote tailored to your specific policy.
What insurance do I need for an MSA or ISNetworld?
Operators verify you through contractor management platforms before you ever hit the lease, and your certificate of insurance is graded against their requirements automatically. Getting flagged compliant usually takes:
- CGL, auto, and pollution limits matching the MSA schedule, commonly 5 million or more
- Additional insured status and waiver of subrogation in favour of the operator
- A certificate of insurance formatted for ISNetworld, ComplyWorks, or Avetta parsing
- A broker who keeps certificates current so your compliance grade never lapses mid-season
Still have questions? We'll quote it, explain it, and let you decide.
Energy operations we insure
From upstream services to renewables, we place coverage across the operations that keep Alberta energy running. Some of what we cover:
- Drilling Contractors
- Well Servicing & Workover
- Wireline & Swabbing
- Coiled Tubing & Pressure Services
- Cementing & Acidizing
- Oilfield Consultants
- Wellsite Supervision
- Vacuum & Water Trucks
- Hot Shot & Oilfield Hauling
- Lease Construction & Reclamation
- Pipeline Construction & Integrity
- Facility Construction & Maintenance
- Oilfield Equipment Rentals
- Fabrication & Welding Shops
- Production & Battery Operations
- Gas Plants & Compression
- Instrumentation & Electrical
- Environmental Services
- Solar & Wind Contractors
- Geothermal & Emerging Energy
Other Insurance We Offer
We're partners with over 120 Canadian insurance providers and cover the full range of personal and commercial insurance. If you need it, we likely write it.
Business Insurance
- E-commerce Insurance
- Trucking Insurance
- Commercial Property Insurance
- Retail Insurance
- Insurance For Restaurants
- Insurance For Non Profits
- Technology Insurance
- Insurance For Contractors
- Course of Construction Insurance
- Medical Malpractice Insurance
- Surety Bonds
- Insurance For New Businesses
- Insurance For Technology Companies
Ready for a quote on oil & gas insurance?
Talk to a broker who actually knows this space. We'll quote it, explain it, and let you decide.
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