RECOMMENDED COVERAGES FOR THE ENERGY INDUSTRY

1.GENERAL LIABILITY

Recommended options – 3rd party coverages
- Underground Resources Property Damage
- Underground Equipment Property Damage
- Blowout & Cratering Property Damage
- Sudden/Accidental Contamination

Master Service Agreements

2. WORKERS COMPENSATION –
- Not mandatory in Texas, but advisable

3. BUSINESS AUTO
- Owned, non-owned, hired

4. EXCESS ("UMBRELLA") LIABILITY

5. WELL CONTROL INSURANCE – Drilled and/or Operated wells

6. PROPERTY
- Office contents & electronics
- Mobile equipment
- Fixed equipment
- Oil in tanks (for operators)

7. BONDING
- Plugging obligations
- Performance obligations
- Fidelity exposures