Energy Program
Cottonwood, Flagstaff

Leavitt Group offers insurance programs created for the oil, gas, and energy industries. Our experience with the exposures and trends of the insurance industry are based on over 30 years of industry relationships, insurance services, and risk management.  Over the hole exposures, underground resources, and equipment and pollution exposures are not a problem!

Protect your operations by leveraging Leavitt Group insurance programs created for the energy industry, from oil and gas extraction to c-stores, solar, and wind power. Our goal is to provide superior insurance consultation, procurement, and risk management for the energy industry.

Upstream Oil & Gas

Through years of experience, we are able to provide our clients with personalized risk management solutions for all areas of the oil and gas industry, including:

• Roustabout
• Excavation
• Drilling
• Pumping
• Fishing Tool Rental
• Welding
• Consulting
• Operators
• Control of Well
• Work Over Rigs
• Snubbing
• Fluid Haulers
• Wireline & Perforating Operations
• Transportation
• Tool Rental
• Crane and Rigging
• Consultants
• Pipeline Construction
• Welding
• Lease Operators 

Midstream Oil & Gas

We provide our clients with midstream oil and gas operations with a range of services and risk management strategies for:

• Pipeline Construction and Maintenance
• Pipeline Operators
• Processors
• Storage Facilities
• Pollution
• Transloading Facilities

Downstream Oil & Gas - Petroleum Marketers & Distributors

We target the key risk factors associated with convenience stores and petroleum related operations. The safety of your employees and customers is a critical part of our risk management platform. In addition, we create insurance packages that bring together specific protection for your store locations, from liquor liability to food spoilage to broad property coverage. We offer insurance solutions for:

• Propane
• Liquefied Natural Gas
• Storage
• Petroleum Marketers and Distributors
• C-Stores

Risk Control Resources

Your risk management program should do more than provide insurance. It should offer strategies and resources to mitigate your risks. Our resources include:

• ISNetworld/PEC/ICA Assistance and Compliance
• Thorough review of MSA's, Safety Procedures, and Employee Handbooks
• Hands-on site and facility risk review
• MSA & Regulatory Compliance assistance

We also offer risk management platform tools and resources including:

• Employee training and tracking
• OSHA incidents, near misses, and OSHA 300 log
• MSDS(GHS) sheet management
• Certificates of Insurance management
• JSA description tracking
• HR and benefits database
• Safety trainings

Frequently Asked Questions

• How can regulatory changes impact oil and gas insurance coverage?

  Stricter environmental and safety regulations can necessitate additional coverages or adjustments in risk management, influencing insurance costs and coverage needs.

• What are some common exclusions in oil and gas insurance policies?

  Exclusions may include damages due to intentional acts, wear and tear, and risks related to war or nuclear hazards.

• What is the process for filing an insurance claim in the oil and gas industry?

  The claims process generally includes notifying the provider, documenting the incident, undergoing assessment, and either receiving compensation or a denial with an explanation.

• How can oil and gas companies reduce their insurance costs?

  Companies can lower costs through effective risk management, such as implementing safety protocols, regular equipment maintenance, and thorough employee training.

• What factors influence insurance premiums in the oil and gas sector?

  Premiums are affected by the size and scale of operations, nature of activities (e.g., offshore drilling), and a company’s safety record and risk management practices.

• How does the location of oil and gas operations affect insurance needs?

  The location, such as offshore or politically unstable regions, can increase the risk, impacting coverage requirements and premiums due to factors like natural disaster susceptibility and population proximity.

• What types of insurance are essential for oil and gas operations?

  Key insurance coverages for oil and gas businesses include property insurance, liability insurance, business interruption insurance, environmental insurance, oil well insurance, and machinery breakdown insurance.