Austin, Texas-based Specialty Insurance Managers Inc. announced it has created a new Energy Division and hired Randy Bila as lead underwriter/broker.
Bila has headed SIM’s general lines department for 19 years.
Commercial general liability minimum premiums are as low as $1,500 for certain classes in the new program. Over-the-hole exposure is acceptable in most cases, according to the company’s announcement.
Hazards D (underground resources and equipment) and Z (pollution) are presently available at up to $1,000,000 limit; may be written at a sublimit; or can be excluded for premium credit.
Acceptable classes include Oil/Gas Lease Operators & Non-Operators, Drilling Contractors, Geophysical Exploration, Cleaning & Swabbing Contractors, Wireline Contractors, Roustabout Contractors, Hot Oil Contractors, Well Servicing Contractors, Fracturing Contractors, Acidizing Contractors, Rig Erection & Dismantling Contractors, Oil/Gas Field Construction, Pipeline Operators, Flowback Operators, Tank Cleaning & Painting (respects lease operations only), Supplies & Equipment Dealers.
Source: Specialty Insurance Managers Inc.
Topics Excess Surplus New Markets Contractors
Was this article valuable?
Here are more articles you may enjoy.
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit 
