Excess Liability
Excess Liability
On behalf of OSL, OISI provides excess liability capacity for oil and gas segments including Upstream, Midstream, Downstream and Oilfield Service Contractors, on an excess and surplus lines basis.
OISI has specialized in-house underwriters with deep energy expertise that place business with OSL under a binding authority agreement with OSL and provides the day-to-day servicing for each policy on behalf of OSL. Claims will be handled by OSL, whose claims team has considerable experience in North American energy claims handling. See the OCIL Specialty Ltd. website for more details. (osl.bm)
Excess Liability
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On behalf of OSL, OISI provides excess liability capacity for oil and gas segments including Upstream, Midstream, Downstream and Oilfield Service Contractors, on an excess and surplus lines basis.
OISI has specialized in-house underwriters with deep energy expertise that place business with OSL under a binding authority agreement with OSL and provides the day-to-day servicing for each policy on behalf of OSL. Claims will be handled by OSL, whose claims team has considerable experience in North American energy claims handling. See the OCIL Specialty Ltd. website for more details. (osl.bm)
Target Industries Include:
Upstream:
Oil and Gas Exploration and Production
Operators and Non-Operators
Both On and Offshore
Geophysical Surveying
Midstream:
Transmission and Gathering Lines
Liquids, Gas and Refined Products
Storage and Import/Export Facilities
Alternative Transportation Methods (Truck, Barge, etc.)
Downstream
Petroleum Refining
Marketing
Oilfield Service Contractors
Drilling Contractors
Workover and Service Contractors
Hydraulic Fracturing Contractors
Oilfield Equipment Manufacturers
✺ Limited Interest:
Utilities (including Utility Contractors)
Power Generation
Mining
Non-Energy Related Occupancies
✺ Policy Form:
OISI utilizes OCIL Specialty Ltd.’s proprietary Excess Follow Form Policy Form which provides excess liability on a follow form basis of underlying coverages. OSL is an approved Alien Insurer listed on the IID Quarterly Listing and has an AM Best rating of A-. All policies will be issued on a non-admitted/surplus lines basis.
Occurrence, Occurrence Reported or Claims Made coverage triggers available
✺ Limits & Attachments:
Up to $15,000,000 Maximum Capacity per risk
$10,000,000 Minimum Attachment Point (dependent on individual risk characteristics)
✺ Minimum Premium: $75,000
✺ Minimum Submission Requirements:
Applications that detail First Named Insured, Address, Proposed Effective Dates, etc.
Complete company operations narrative (including any mergers, divested operations, etc.)
Exposure information – Projected and Historical
6+ years of currently valued loss runs (10 years for predominantly products liability exposed risks)
✺ Licensed States:
OISI is licensed to place excess liability insurance on a surplus lines basis (Insured must be domiciled in one of these states to qualify):
Texas, Oklahoma, Alabama, Arkansas, Colorado, Kansas, Kentucky, Louisiana, Michigan, New York, New Jersey, New Mexico, North Dakota, Ohio, Pennsylvania, West Virginia, Utah and Wyoming 75
Minimum Submission Requirements:
Applications that detail First Named Insured, Address, Proposed Effective Dates, etc.
Complete company operations narrative (including any mergers, divested operations, etc.)
Exposure information – Projected and Historical
6+ years of currently valued loss runs (10 years for predominantly products liability exposed risks)
Licensed States:
OISI is licensed to place excess liability insurance on a surplus lines basis (Insured must be domiciled in one of these states to qualify):
Texas, Oklahoma, Alabama, Arkansas, Colorado, Kansas, Kentucky, Louisiana, Michigan, New York, New Jersey, New Mexico, North Dakota, Ohio, Pennsylvania, West Virginia, Utah and Wyoming 75