SWZ Insurance has specialized in both the oil and gas industry and the trucking industry for more than two decades. As a result, we have been able to leverage our knowledge and expertise to partner with the top insurers of these industries to access a program designed specifically for trucking companies that work almost exclusively in the oilfield industry.
Over the years, we have found that many of the trucking companies in Texas, Oklahoma, New Mexico and Louisiana – which haul commodities that are used in the oilfield or for drilling – are insured with standard insurance companies that specialize in trucking as a general class of business and are designed for the average over-the-road (OTR) trucking risk. By switching to an insurance carrier that focuses on oilfield risks, including oilfield-related trucking risks, these companies can typically save as much as 20% annually on their insurance coverage.
Our underwriters understand that these clients must satisfy complex MSAs (Master Service Agreements), which require limits of insurance up to $10,000,000 for liability coverage, and up to $1,000,000 for cargo coverage. In addition, we have discounted rates available for workers’ compensation insurance coverage through an industry safety program.
All of our insurance carriers are A-rated or better and satisfy requirements set forth by even the toughest MSA.
In our oilfield and oilfield-related trucking program, we offer the following coverage:
- Commercial Auto Liability
- Physical Damage
- Motor Truck Cargo
- General Liability
- Commercial Property
- Contractor’s Equipment/Inland Marine
- Umbrella and Excess Liability
- Workers’ Compensation
- Pollution Liability
- Blanket Additional Insured Status
- Blanket Waivers of Subrogation