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
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