Insurance for the Energy Industry
Falcon West Energy is an independent insurance brokerage that provides competitive, comprehensive solutions for oil and gas, marine and offshore, engineering companies, and more. Our playbook is well-published, but our execution is uncommon.
Industries
Engineering & Professional
Engineering firms, consultants, inspectors, and staffing providers face direct professional liability and errors and omissions (E&O) exposure when their technical work affects well control, integrity programs, or regulatory filings. We structure professional liability coverage around design deliverables, inspection protocols, and safety management that operators rely on in the field.
Producer
Exploration and production companies carry lease operating expenses, AFE overruns, and long-term P&A liabilities across conventional, unconventional, and energy-transition assets. We align coverage with upstream realities, such as well control, pollution, and revenue protection, while addressing regulatory requirements without unnecessary overlap.
Operator
Operators managing drilling, completions, production, injection, and plug-and-abandonment need insurance that tracks actual field risk rather than generic templates. Our programs address well control events, subcontractor exposure, pollution, and maritime liabilities through markets that understand upstream and offshore operations.
Non-Operator
Oilfield Services (OFS)
Drilling contractors, hydraulic fracturing crews, wireline, cementing, and workover providers operate under tight day-rate pressure and high-hazard conditions. We build liability, equipment, and workers’ compensation programs that address blowouts, downhole tool damage, and third-party site exposures common in OFS operations.
Energy Construction
Pipeline, site preparation, tank, and pumping system contractors need project-specific protection that follows both greenfield and brownfield work. Coverage extends from contractors’ equipment and builder’s risk to environmental liability on active leases and midstream facilities.
Energy Equipment & Rental
Equipment rental and service companies place tools, hot oilers, and mobile fleets on third-party locations daily. We address leased equipment, auto, and liability exposures arising from operations on producing pads and during mobilization between well sites.
Energy Manufacturing
Manufacturers and distributors of pumps, tanks, valves, and downhole tools carry product liability and supply-chain risk tied to critical components. We structure coverage for property, transit, and recall exposures that affect both upstream operators and midstream facilities.
Energy Hauling and Transportation
Produced water, saltwater disposal, and heavy equipment haulers face simultaneous road and lease risks. We combine commercial auto, motor truck cargo, and site pollution coverage that follows loads from pad to disposal and during on-site midstream support.
Gulf of America
Operators and contractors working in the Gulf of America require coordinated marine and energy markets that understand platform, subsea, and vessel operations. We place coverage that aligns with current lease terms and regulatory expectations in the region.
Maritime
Vessel owners, OSVs, crew boats, and tug-and-barge operators need hull, P&I, Jones Act, and USL&H programs built for both blue-water and brown-water conditions. We structure coverage around charter requirements, crew safety, and pollution obligations in the Gulf of America and supporting inland waterways.
Subsea
ROV contractors, commercial diving firms, and subsea installation teams work below the waterline with specialized equipment and personnel risk. We address marine equipment, diver liability, professional indemnity, and project coverage through markets familiar with deepwater and pipeline maintenance operations.
FAQ
Most insurance brokers don't really understand the energy business. They sell you a standard policy, hand you off to someone else, and you only find out what's missing when you file a claim.
We build insurance programs around how you actually operate. And unlike the big brokerages that keep merging and growing, we remain fiercely independent and are structured to stay that way in the coming decades. That means your broker stays with you, picks up the phone, and knows your business.
What type of oil and gas companies do you insure?
We insure the full spectrum of the energy value chain: operators, drilling contractors, oilfield service companies (fracking, cementing, wireline, completions), pipeline contractors, well servicing companies, offshore engineering firms, maritime operators, equipment rental companies, and energy consultants. Whether you run a three-rig drilling operation or a 300-well producing company, we structure programs that fit your specific exposures.
Why work with an independent broker instead of a large agency?
Large brokerages often have revenue-sharing agreements or carrier quotas that can influence which markets they present to you. As an independent broker, we have no corporate conflicts. We access 50+ carriers and present the options that genuinely serve your operation best — not the ones that serve our bottom line. You get honest advice and competitive pricing without the overhead of a massive agency. We're more interested in getting you the best coverage than winning golf trips.
What does an oil and gas insurance program typically cost?
Premiums vary widely based on your operations, revenue, claims history, and the specific coverages required. A small engineering team might spend $5,000 annually for early non-operators or independent engineering and consulting firms, a small OFS company might spend $50,000-$150,000 annually, while a multi-well operator could invest several hundred thousand or more. Our role is to ensure every insurance dollar is deployed strategically — not wasted on overlapping coverage or unnecessary limits. There is no added cost to use a broker; our commission is built into the premium by the carrier.
Do you handle claims for energy companies?
Yes. Claims advocacy is one of our core services. When a loss occurs — whether it's a control-of-well event, equipment damage, a pollution incident, or an employee injury — we manage the claims process on your behalf. Our technical background gives us negotiating leverage with adjusters who may not understand the operational specifics of your loss. We fight to maximize your recovery.
What states and regions do you serve?
We place coverage nationwide — from the Permian Basin and Eagle Ford in Texas to the Bakken in North Dakota, from Alaska's North Slope to Appalachian operations in Ohio, West Virginia, and Pennsylvania. We also cover offshore operations in the Gulf of Mexico and international maritime exposures. Our carrier relationships are not limited to any single state or region.
Do you review our existing contracts and MSAs?
Absolutely. We review master service agreements, joint operating agreements, drilling contracts, and leased equipment agreements to ensure the insurance provisions and indemnity language properly allocate your risk. We also check for compliance with state-specific anti-indemnity statutes, which vary significantly across Texas, Louisiana, New Mexico, Wyoming, and other producing states.
Do you insure marine and subsea operations?
Yes. We place coverage for vessel operators, offshore supply vessels, tug and barge companies, commercial diving contractors, ROV operators, subsea engineering firms, and related marine support services. Our programs cover hull and machinery, P&I, Jones Act and USL&H liability, marine equipment, divers' liability, and pollution — structured specifically for companies working on and below the waterline. Whether you operate in the Gulf of America, internationally, or both, we access specialist marine and energy markets that understand these risks and price them accordingly.
Recent Clients
Offshore Engineering Firm (Texas)
We recently helped a Texas‑based offshore engineering consultancy redesign its energy insurance program around complex platform and subsea projects in the Gulf of America and around the world. By aligning professional liability, marine, and excess limits with client contract demands, they gained stronger protection and a more competitive position in bid processes.
Mudlogging (North Dakota)
A North Dakota mudlogging and wellsite geology firm engaged us to protect high‑risk, around‑the‑clock drilling operations. We built an insurance structure that combines liability, inland marine, and auto coverage so their crews, tools, and data can move safely from location to location.
Subsea Technology Firm (Texas)
We partnered with a Texas-based autonomous subsea technology company that collects and manages high-resolution ocean data for energy, defense, and infrastructure clients worldwide. Their operations span autonomous underwater vehicles, cloud-based data platforms, and survey services across both commercial and government sectors. We built an insurance program addressing marine equipment, technology E&O, autonomous vehicle liability, and project-specific exposures — aligning coverage with the unique risks of deploying unmanned subsea assets in deep water and remote operating environments.
Artificial Lift Consultancy (Oklahoma)
We work with an artificial lift consulting firm that supports oil and gas operators across the United States and internationally with electric submersible pump (ESP) optimization, 24/7 remote monitoring, and field engineering services. With decades of production experience and personnel deployed across multiple basins, their program required professional liability, general liability, commercial auto, and workers' compensation structured around consulting engagements, wellsite operations, and the contractual demands of major operators.
Independent Landman (Colorado)
We partnered with an independent landman group in Colorado focused on leasing, title work, and surface negotiations. Their tailored program now addresses professional liability, general liability, and contract requirements with operators, giving them confidence to scale projects without gaps in coverage. They were previously with a non-specialist broker, which was reflected in a 26% premium over competitive market rates.
Yellowcake Uranium Driller (Texas)
Uranium drilling should be understood as a low-risk operation comparable to water-well drilling; we have included additional notes about U3O8 yellowcake below. The extraction method is in-situ: ore is accessed underground without bringing material to the surface, which eliminates direct contact and surface exposure. This company was previously a misunderstood risk, and through our deeper understanding of operations and the client's excellent safety history and management, we were able to obtain significantly better coverage terms.
Drilling Contractor (Alaska)
An Alaska drilling contractor working in remote and extreme environments turned to us for a more durable insurance solution. We coordinated liability, control‑of‑well, equipment, and workers compensation coverages to reflect Arctic conditions, tight timelines, and complex logistics.
Well Operator (Louisiana)
A Gulf Coast operator managing multiple wells in Louisiana needed a cohesive program from drilling through production. We helped them integrate operators’ extra expense, pollution, property, and auto into a single strategy that fit both lender expectations and regulatory requirements.
Pipeline Contractor (Wyoming)
A Wyoming pipeline construction firm engaged us as they expanded gathering and midstream projects across rugged terrain. Their program now combines contractors’ equipment, liability, pollution, auto, and surety support to meet project owner and right‑of‑way obligations.
Saltwater Disposal Services (Oklahoma)
A service provider focused on tank systems and fluid transportation engaged us to insure their growing operations. Leveraging the owner’s background, we secured better premiums and structured a comprehensive program that rewards their disciplined safety culture. Our solution integrates high-limit auto and pollution coverage, protecting their assets as they transition toward an even stronger DOT safety profile.
Energy Infrastructure & Design (Louisiana)
A Louisiana-based multi-disciplinary firm providing comprehensive design and construction services for the oil and gas sector engaged us to manage their complex risk profile. Because they maintain full in-house control over engineering and project management, we were able to structure a professional liability and inland marine package that reflects their high level of oversight. Our solution protects their turnkey projects from initial concept through completion, ensuring seamless coverage for their specialized crews and technical assets throughout the Gulf Coast region.
Crane Inspection & Rigging (Alaska)
Every Dollar Counts
Falcon West Energy is an independent energy insurance brokerage built for technology‑driven, logistically complex, and highly competitive industries where every dollar truly matters. Coming from an oil and gas engineering background, we understand the unique operational, safety, and regulatory challenges facing today’s energy leaders. You can operate with confidence knowing your insurance dollars are being deployed strategically to protect your assets, people, and long‑term business plans.
Standard Coverage
Our core insurance services protect the foundation of your business: the company itself, its leaders, employees, balance sheet, and impact on the environment. We help you align essential property, casualty, and management liability coverages so your risk program supports growth instead of holding it back.
Standard Property & Casualty:
- Commercial General Liability
- Commercial Property Insurance
- Workers' Compensation
- Employer's Liability
- Commercial Auto Coverage
- Business Owners Policy (BOP)
- Cyber Security
- Umbrellas and Excess Liability ($5MM, $10MM)
- Machinery Breakdown and Business Interruption
- Fidelity & Crime
- Trade Credit Insurance and Surety Bonds
Management & Professional Coverages:
- Professional Liability or Errors and Omissions
- Directors and Officers (Sides ABC) and Management Liability
- Fiduciary Liability
- Employee Benefits Liability
- Intellectual Property
- Business Interruption
- Carbon Delivery Risk
Onshore Coverage
We support onshore operations progressing from spud to total vertical depth, including long lateral runs and complex H2S wells. Our team specializes in upstream insurance for operators, drilling contractors, well service companies, and related onshore energy businesses that demand precise risk control.
Standard coverage options, plus:
- Control of the Well with Operator's Extra Expense
- Oil Pollution Packages with Gradual Option
- Oil and Gas Consultants & Well Site Supervisors
- Machinery Breakdown and Business Interruption
- Drilling and Reclamation Surety Bonds
Offshore Coverage
Offshore exploration and production put extreme demands on equipment and personnel while carrying a heightened duty to protect the environment. We design offshore insurance programs that reflect the reality of working in deep water, harsh conditions, and tightly regulated operating arenas.
Specialized Coverages:
- Marine General Liability
- USL&H (Longshore and Harbor Workers)
- OCSLA (Outer Continental Shelf Lands Act)
- MEL (Marine Employers Liability)
- Floating Rig Hull and P&I
- Riggers Liability
- Operators Extra Expense Insurance
- Fixed Rig
- Charterers' Liability
- Certificates of Financial Responsibility (COFR)
- Commercial Diving
- Decommissioning Financial Assurance Surety Bonds
- Kidnap & Ransom
- Stevedores Legal Liability
- Terminal Operators Legal Liability
- Wharfingers Legal Liability
- Warehouse Legal Liability
- Marina Operators Legal Liability
- Charterers' Liability
Maritime Coverage
Maritime operations demand innovative technology and disciplined risk management to perform safely in blue water and brown water environments. We help vessel owners, operators, and support services build marine insurance programs that address crew, hull, cargo, and pollution exposures in a single, cohesive structure.
Standard coverages, plus:
- Marine Employers' Liability
- Marine General Liability
- Admiralty & Jones Act Coverage
- P&I, Property, and Indemnity
- Hull and Machinery
- Defense Base Act
- Marine Excess Emissions Insurance
- Blue Water and Brown Water Coverage
- Bumbershoot, Follow Form, and Excess
- Charterers' Liability
- Certificates of Financial Responsibility (COFR)
- Vessel Pollution
- OPA 90
Subsea Coverage
We insure subsea contractors, ROV operators, commercial diving companies, and underwater engineering firms working on inspection, pipeline installation, deepwater construction, and maintenance projects worldwide. Our team understands the technical exposures of working below the waterline and uses specialist energy and marine markets to build programs that match the demands of subsea operations.
Specialized Coverages:
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Marine Equipment and Subsea Tools
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Commercial Diving Liability
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ROV and AUV Equipment Coverage
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Divers' Accident and Medical
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Professional Indemnity for Subsea Engineers
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Project-Specific and Contract Works Insurance
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Marine General Liability
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USL&H (Longshore and Harbor Workers)
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Vessel Charterers' Liability
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Pollution and Environmental Liability
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Inland Marine for Equipment in Transit
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Certificates of Financial Responsibility (COFR)
We Live & Breathe Energy
We're always at the ready to guide you with your insurance program. We'd love to visit with you and see how we can provide you with an insurance strategy that wins year in and year out.