Oil and Gas Insurance – What You Need to Know about General Liability

Oil and gas insurance classifications located on the second page of the general liability policy determines the premium for the insured. Classifications identify job descriptions and measure exposures through payroll and receipts. Sometimes these classifications are ambiguous and create challenges for insurance company underwriters. Employees can actually do several jobs within the servicing contracting areas, like truck driving, drillers, pumpers, lease work and roustabout work. Insurance agents need to analyze risk control reports and have in [...]