Oil, Gas & Energy Insurance
Workers Compensation Insurance
for Oil, Gas & Energy
Oilfield and energy jobs are among the most hazardous in the country, with high rates of injuries from machinery, high-pressure systems, falls, and transportation accidents. Workers compensation is legally required and covers medical costs and wage replacement for injured workers — often at high rates given the industry's risk profile.
Industry-Specific Insight
Why Oil, Gas & Energy Businesses Need Workers Compensation Insurance
Oilfield and energy jobs are among the most hazardous in the country, with high rates of injuries from machinery, high-pressure systems, falls, and transportation accidents. Workers compensation is legally required and covers medical costs and wage replacement for injured workers — often at high rates given the industry's risk profile.
Coverage Details
What Workers Compensation Insurance Covers
Key protections included in a workers compensation policy for oil, gas & energy operations.
FAQs
Common Questions from Oil, Gas & Energy Businesses
Are workers comp rates higher for oilfield workers?
Yes. Oilfield classifications carry significantly higher workers comp rates than most industries due to the elevated injury risk. Good safety programs and low claims history can reduce your experience modification factor.
Are contract laborers covered under my workers comp policy?
Only if they are your employees. Independent contractors and oilfield service companies should carry their own workers comp. Misclassifying employees as contractors creates major exposure.
Is workers compensation required?
In most states, yes — businesses with one or more employees are required to carry workers comp. Requirements vary by state and sometimes by industry or number of employees. A licensed agent can clarify what applies in your state.
What happens if I don't carry workers comp and an employee is injured?
You could be personally liable for the employee's medical costs and lost wages, face significant fines, and be exposed to a lawsuit. The financial and legal exposure of operating without required coverage is substantial.
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 · Workers Compensation
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