Towerstone Inc., a wholesale insurance broker and managing general agency headquartered in Dallas, has introduced the Towerstone Oil and Gas Equipment Program, a new insurance program for the energy sector. The program is exclusive to Towerstone through a highly rated admitted carrier, according to the company’s announcement.
Robin A. Stough, president of Towerstone, said Towerstone’s Energy Practice generates $80 million in premium volume. The Towerstone Oil and Gas Equipment Program complements the Towerstone National Energy Program.
The Towerstone Oil and Gas Equipment Program provides coverage for well servicing equipment, contractor’s equipment, and oil lease property and equipment. Towerstone offers coverage for over-the-hole equipment, a rare insurance product for a program of its size. The product features competitive pricing and favorable deductible structures, as well as a low minimum premium of $1,500. In-house underwriting and rapid quote turnaround benefit Towerstone’s energy clients. The carrier offers timely policy placement, endorsements and claims service.
Towerstone, a subsidiary of the IMA Financial Group, has offices in Dallas and San Antonio, Texas. The company has extensive experience in a broad spectrum of industries, with expertise in energy and construction.
Source: Towerstone Inc.
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