While the energy industry has most of the same exposures as all industries, it also faces some unique exposures. This course will examine each of the three coverage parts of the commercial general liability (CGL) policy with a focus on the insuring agreements, key policy provisions and conditions, and exclusions. It will then review the various endorsements that can be attached to the policy to broaden or restrict the scope of coverage or otherwise alter the basic policy terms and conditions. The course concludes with a brief discussion of umbrella liability insurance for energy industry companies.

Enroll in the Commercial Liability Insurance for the Energy Industry course

The agreements between the parties involved in energy projects are various contract documents. These contracts impose duties, obligations, and liabilities on various parties. Although careful attention may be paid to the operational issues these contracts address, often little or no attention is given to their risk and insurance implications. This course examines the structure of contracting relationships and the key provisions in which responsibilities and liabilities are allocated to the contracting parties and suggests methods to equitably allocate these liabilities.

Enroll in the Contractual Risk Transfer in Energy course

As long as there are oil wells there is a potential for well control problems. This course provides a review of the physical characteristics of a well, emphasizing the factors that can lead to a blowout and the features designed to prevent or control blowouts. Fortunately, insurance exists to address the monumental expenses that result when a blowout or other well control event occurs.

The course provides an in-depth review of the types of the insurance coverage available to cover the costs and expenses associate with a well blowout, including a review of the three main insuring agreements, typical conditions and warranties, and additional coverages often available by endorsement to expand or limit coverage. The course concludes with a case study of an actual blowout.

Enroll in the Control of Well/Operators Extra Expense Risks and Insurance course

The key to designing an appropriate insurance program is understanding the industry, how it works, and the unique vocabulary that goes with it. This course provides an overview of the oil and gas industry and its risks, focusing on the nuts-and-bolts operational aspects and addressing risk management concerns relating to the various processes. The course takes a sequential approach from how petroleum originates and where petroleum deposits exist through the exploration process, the completion process, the transportation process, and the refining process. At each stage the key hazards and risks associated with the process are identified.

Enroll in the Understanding the Oil and Gas Industry and Its Risks course

For drilling, servicing, and other contractors, the costs of on-the-job injuries and illnesses are the most significant component of total cost of risk. While much of the cost is driven by state workers compensation laws, many energy companies have operations on or near bodies of water. In those situations, their obligations to provide compensation for injured workers may stem from federal laws such as the federal Longshore and Harbor Workers’ Compensation Act, the Jones Act, or general maritime law, in addition to traditional workers compensation laws. This course discusses the interaction of workers compensation insurance with state and federal workers compensation laws and how changes in these Acts and regulations have profound effects on the insurance line.   

Enroll in the Workers Comp and Maritime Liability for the Energy Industry course