Although the oil and gas industry is much safer than it once was, there are still many hazards in the industry. Protecting your financial interests is vital to your bottom line. Oil field insurance in NM is the solution to addressing risks and liabilities in your business.
Types of Insurance Available For the Oil Industry
While a general liability policy will cover some incidents, oil fields face many industry-specific risks that your standard business policies may exclude. Work with a specialized insurance company to address other issues in your field:
- Property damage
- Environmental liability
- Pollution liability
- Workers’ compensation
- Commercial vehicle liability
Work with your insurance company to follow best practices in the oil industry to ensure your employees, clients and properties are safe. Many injuries and property damage can be prevented through effective risk management strategies.
Review Your Insurance Policies
Discuss your insurance coverage with your insurance agent to make sure you know what is covered and what isn’t. Being under-insured can be just as risky as not having insurance. Specialty oil field insurance in NM protects your business, gives your employees peace of mind and mitigates the risks to the community. Find solutions to your concerns when you work with a specialty insurance company with the experience in the oil industry to support your business.