Oil, Gas & Energy Insurance
Equipment Breakdown Insurance
for Oil, Gas & Energy
Compressors, pumps, and processing equipment are the lifeblood of an energy operation. Equipment breakdown coverage pays for sudden mechanical and electrical failure — not wear and tear — and can include the significant lost production income that follows a compressor or separator failure.
Industry-Specific Insight
Why Oil, Gas & Energy Businesses Need Equipment Breakdown Insurance
Compressors, pumps, and processing equipment are the lifeblood of an energy operation. Equipment breakdown coverage pays for sudden mechanical and electrical failure — not wear and tear — and can include the significant lost production income that follows a compressor or separator failure.
Coverage Details
What Equipment Breakdown Insurance Covers
Key protections included in a equipment breakdown policy for oil, gas & energy operations.
FAQs
Common Questions from Oil, Gas & Energy Businesses
Does equipment breakdown cover natural gas compressors?
Yes. Natural gas compressors, separation equipment, and other processing machinery can be covered under equipment breakdown for sudden and accidental failure.
Can we add business interruption to equipment breakdown for energy operations?
Yes. A business interruption extension covers lost production income while insured equipment is being repaired — critical for operations where downtime has immediate revenue impact.
Isn't equipment breakdown covered by commercial property?
Standard commercial property policies cover damage from external causes — fire, storm, theft. They typically exclude mechanical or electrical breakdown from internal failure. Equipment breakdown coverage specifically addresses that internal failure scenario.
Does this cover normal wear and tear?
No — equipment breakdown covers sudden and accidental failure, not gradual deterioration or wear and tear. Routine maintenance issues and end-of-life breakdowns are generally excluded.
Complete Coverage
Other Coverages Oil, Gas & Energy Businesses Commonly Need
A complete protection plan for oil, gas & energy operations typically includes several complementary coverages.
Oil, Gas & Energy · Equipment Breakdown
Get Equipment Breakdown Coverage for Your Oil, Gas & Energy Business
Our licensed agents specialize in oil, gas & energy insurance. We compare options from 96+ carriers to find the right equipment breakdown coverage at a competitive price.