Will Your Business Insurance Protect You Against the Risks and Threats That Today’s Oil & Gas Companies Face?
Operating a business working in The Oil Patch isn’t for the faint of heart. There are many risks and liabilities that can affect your bottom line. That’s why American Energy Insurance (AEI) offers a Comprehensive Portfolio of Insurance Products tailored to meet the unique needs of businesses working in The Oil Patch. Our integrated coverage offers seamless protection for nearly any type of loss your Oil & Gas Company may experience.
American Energy Insurance understands the specialty risks that affect oil and gas companies. That’s why our team of experts, backed by 47 years of combined experience, is dedicated to working with you to identify the best pricing for your business. Our independent agency works with multiple carriers to provide unbiased advice and create customized plans for your needs. Based in the heart of Tulsa’s Oil Patch, we know the ins and outs of the industry like no one else.
We pride ourselves on our experience and expertise in in the industry.
As leaders in our industry, AEI is granted the highest level of access to the most superior insurance products and programs designed for businesses working in The Oil Patch, available at competitive prices.
Get the protection you need from the experts in the industry. AEI can develop a customized portfolio according to your Energy Company’s unique requirements. Call AEI at 918-987-9229 to get started!
Comprehensive Coverage
American Energy Insurance offers comprehensive coverage options tailored to fit each business’s unique needs. This includes coverage for property damage, liability, workers’ compensation, and specialized coverages such as pollution liability, exploration drilling operations, and underground storage tanks (UST). We understand that no two businesses are alike, so we create custom policies to ensure clients are covered in all areas of their operations.
We Offer:
- General Liability
- Commercial Auto
- Inland Marine
- Workers’ Compensation
- Umbrella/Excess Liability
- Employment Practices Liability
- Directors & Officers Liability
- Kidnap & Ransom
Expert Service Team
At American Energy Insurance, our commitment to customer service is unmatched in the industry. Our team of experts is standing by to answer any questions you may have about our products and services and work with you on creating a customized policy that will best protect your business from the potential risks associated with the oil & gas industry. Whether it’s helping you navigate the process of filing a claim or answering questions about your current policy, we’re here for you every step of the way.
Cost Savings
At AEI, we understand that cost savings are always top of mind when it comes to securing insurance protection for your business. That’s why we offer competitive rates on all our policies and strive to find ways for our customers to save even more money without compromising on their coverage needs or levels of protection. We believe that everyone should have access to quality insurance at an affordable price—and we strive every day to make sure that happens for our customers!
Experienced Underwriters
American Energy Insurance works with an experienced team of underwriters with extensive oil and gas industry knowledge. Our underwriters can advise on reducing risk exposure through policy modifications or additional coverages. Each underwriter stays up-to-date on the latest industry news and trends to provide informed advice regarding potential exposures that other insurers could miss.
Broad Network of Carriers
American Energy Insurance works with a broad network of highly respected carriers to offer clients access to a wide range of products from top-rated insurers at competitive prices. This gives you more options for finding the right coverage for specific needs without sacrificing quality or service.
Reliable Insurance
At American Energy Insurance, we know how important it is for businesses in the oil & gas industry to have reliable insurance protection they can trust. That’s why we provide comprehensive coverage tailored to each customer’s needs while offering competitive rates and excellent customer service support. If you’re looking for reliable oil & gas industry coverage at a great value, reach out today and let us show you how we can help protect your business!
Oil and Gas Company in the Oil Patch
Operating a business in The Oil Patch isn’t for the faint of heart. There are many risks and liabilities that can affect your bottom line. That’s why American Energy Insurance offers a Comprehensive Portfolio of Insurance Products tailored to meet the unique needs of businesses working in The Oil Patch. Our integrated coverage offers seamless protection for nearly any loss your Oil & Gas Company may experience.
Leaders in the Industry
As leaders in our industry, AEI is granted the highest level of access to the most superior insurance products and programs designed for businesses working in The Oil Patch — and we offer them at competitive prices.
Our customer base includes risks for any-sized business working in The Oil Patch (both over-the-hole and non-over the hole), including but not limited to:
- Operators/Non-operators
- Drilling Contractors
- Well Servicing Contractors
- Wireline/Logging Contractors
- Roustabouts
- Pipeline Contractors
- Oilfield Equipment and Supplies Dealers
- Manufacturers/Distributors of oil field products
- Geophysical Contractors
- Consultants
- Pumpers & Gaugers
- Over the hole contractors
The team at AEI is available 24/7 to ensure your Oil & Gas Company can keep operating in the event of a loss. They offer a wealth of knowledge, and years of experience in the latest risk-control solutions for Energy/Oil & Gas Companies and businesses working in The Oil Patch. For more information, or to arrange for a complimentary consultation, contact Josh DeBoer, Advisor at AEI at: 918-987-9229 or contact@americanenergyinsurance.com.
Commercial General Liability Insurance (CGL)
Commercial General Liability Insurance protects your energy company while working in the oil patch, an equipment yard, your premises, or worksite from legal liability due to negligence that affects others. CGL protects your company’s assets, and covers obligations including:
- Bodily Injury and Property Damage Liability Protection
- Medical Expenses Available for Third Party Injuries
- Liability as a tenant if you damage property that you rent.
- Claims for False or Misleading Advertising Including libel, slander, and copyright infringement.
- The cost of your legal defense.
- Gradual Pollution or Sudden & Accidental Pollution Coverage available
- Coverage for claims or suits brought by co-owners of the working interest in a well.
- Underground Resources & Equipment Coverage
- Blow Out & Cratering Coverage
If needed, you may elect to opt for Umbrella/Excess Liability insurance that will increase your coverage for situations where existing coverage isn’t adequate. Note: In some instances, a client contract will require that your Oil & Gas Company has certain levels of appropriate or Umbrella Insurance to perform work in The Oil Patch.
Learn more about general Commercial General Liability Insurance (CGL).
Confused about where to start? We can simplify the process and provide you a competitive quote. Contact Josh DeBoer at AEI at: 918-987-9229 or contact@americanenergyinsurance.com.
Commercial Auto Insurance
With the increase in energy production has come an upsurge in vehicle accident claims for businesses working in The Oil Patch. You must be prepared and protect your Oil & Gas Company against these increasing liabilities. AEI will ensure you have comprehensive and complete Commercial Auto Coverage to protect your business under any circumstance.
Commercial auto insurance provides coverage such as:
- Liability
- Collision
- Comprehensive or Specified Perils
- Medical payments (or personal-injury protection)
- Uninsured motorist coverage
Commercial Auto Insurance from AEI Also Includes:
- Coverage for bodily injury or death resulting from an accident where you or one of your employees are at fault.
- Coverage for legal defense.
- Medical payments and no-fault or personal-injury coverage because of a covered accident.
- Uninsured motorist coverage caused by an uninsured or a hit-and-run driver, or when the at-fault driver has insufficient insurance.
- Physical damage coverage that pays for any damage to your vehicle(s) from theft, vandalism, flood, fire, and other covered incidences.
- Collision coverage that pays for damage to your vehicle when it collides with another or is damaged by an object.
Protect your vehicles, and your business, with Comprehensive Commercial Auto Insurance specially designed for businesses working in The Oil Patch. For a complimentary quote, contact AEI at contact@americanenergyinsurance.com or call 918-987-9229.
Inland Marine Coverage
AEI’s Inland Marine Coverage is specially designed to protect the value of equipment used by businesses working in The Oil Patch. Because your business assets aren’t always located in one place, AEI provides insurance for property both in storage and in transit.
Whether you need to cover losses related to well contractors’ equipment, oil-lease property, or the contents of your home or branch offices, AEI offers a wide range of Inland Marine Coverage options. We consider the type and location of your property, and provide replacement-cost coverage for owned, leased or rented equipment and tools, including, but not limited to:
- General Equipment
- Machinery, Tools, Derricks, and Substructures
- Physical Rig & Platforms
- Well Servicing, Drilling, and Workover Rigs
- Communications (Radio and TV towers)
- Above-ground Contractors’ Equipment
- Installation Floaters
- Miscellaneous Mobile Floaters (including MRI Equipment)
- Truck Cargo/Transportation Risks
- Warehouse Liabilities (including cold storage)
Our underwriting and claims team will sit down and learn about your business operations, equipment, storage, and transit needs. They can provide the broad coverage you need, as well as any supplemental coverage required to ensure all your property is protected wherever it’s located.
Contact American Energy Insurance for a Complimentary Assessment of your Inland Marine Coverage needs. We’ll be happy to develop a customized proposal to meet your unique requirements. Call Josh DeBoer at 918-987-9229 or or email him at: josh.deboer@americanenergyinsurance.com to schedule your Free Assessment.
Worker’s Compensation
Worker’s compensation claims have risen for businesses working in The Oil Patch. This uptick in claims is an unfortunate side effect of the oil boom.
The oil boom has sadly left a trail of death and injuries for many. According to the Centers for Disease Control (CDC):
During 2003–2010, the U.S. Oil & Gas extraction industry (onshore and offshore, combined) had a collective fatality rate seven times higher than that for all U.S. workers…Transportation events were the leading cause of fatalities, followed by contact with objects or equipment, fires and explosions, and exposure to harmful substances/environments. (http://www.cdc.gov/Mmwr/preview/mmwrhtml/mm6216a2.htm)
AEI understands the risks and liabilities you face, and we can provide the comprehensive Worker’s Compensation Coverage you need to protect your business against this sad reality.
Contact our Workman’s Compensation Team at 918-987-9229 or contact@americanenergyinsurance.com to arrange for a Complimentary Assessment of your Oil & Gas Company’s needs.
Umbrella/Excess Liability
Umbrella and Excess Liability Insurance from AEI will shield your company from liability when your general, auto, and employer’s liability protection isn’t enough to protect your investments. It protects your assets and your company from unexpected risks.
In a world of ever-increasing litigation, you can’t afford to go without this added protection. Plus, Umbrella/Excess Liability Insurance from AEI is surprisingly affordable, flexible, customizable, and, unlike others, is designed for businesses working in The Oil Patch.
Contact AEI to learn how an Umbrella/Excess Liability Policy can provide the complete protection you need. Call 918-987-9229 or email us at: contact@americanenergyinsurance.com.
Employment Practices Liability
As the owner or manager of a business working in The Oil Patch, there are times when you must terminate an employee. In the instance this employee believes he or she was wrongfully terminated, or treated unfairly, and files a claim against your business, an Employment Practices Liability Policy from AEI provides the protection you need.
An employee can file a claim against you for:
- Wrongful termination,
- Sexual harassment,
- Discrimination,
- Invasion of privacy,
- False imprisonment,
- Breach of contract,
- Emotional distress, and/or
- Wage and hour law violations.
This leaves you and your Energy/Oil & Gas Company exposed to defense and legal costs. To protect your business and your assets, you need an Employment Practices Liability Policy from AEI. It will cover your defense costs and damages related to these employee-related claims. Contact us to learn how: 918-987-9229 or contact@americanenergyinsurance.com
Directors & Officers Liability
Your Directors and Officers are only human. Just like others, they make mistakes. But a mistake of this kind can be disastrous for them personally, and for the viability of your Oil & Gas Business. For this reason, they, and your company need the protection of a specially designed Directors & Officers Liability Policy from AEI.
With the increased complexities in the operation of a business working in The Oil Patch, your managers are constantly at risk of making unintentional errors and bad decisions. These decisions can result in losses for your company, and result in them being held personally liable for the losses as well.
It’s for this reason that you obtain Directors & Officers Liability Insurance. Contact AEI and learn how we can custom design a policy to suit your unique needs. Call us at 918-987-9229 or send us an email at contact@americanenergyinsurance.com, to schedule your free consultation.
Kidnap & Ransom
As more American Oil & Gas/Energy Companies conduct global business, their employees face a greater risk of abduction and extortion. A Kidnap & Ransom (K & R) Policy from AEI will provide the insurance coverage you need in the event of a kidnapping.
Today’s companies that once dismissed kidnappings as unlikely now insist on obtaining K&R Insurance for staff training and to help eliminate the risk of a kidnapping. Over 75 percent of today’s Fortune 500 companies carry K&R Coverage, and you should too.
Kidnappings, detentions, and extortions have become a reality for U.S. Oil & Gas Companies operating in both foreign and domestic markets. Therefore, the critical need to protect your assets. K&R Insurance from AEI provides employee training and security to prevent kidnappings. And in the event a kidnapping occurs, experienced negotiators, agents and fund-transfer experts will get your employee home safely.
Compared with other forms of insurance, K&R Coverage is relatively inexpensive, and AEI has the expertise to customize a policy to meet the needs of businesses working in The Oil Patch. Contact Josh DeBoer at AEI to learn why you need K & R Insurance and how we can help. 918-987-9229 or contact@americanenergyinsurance.com
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