Industries · Oil & Gas
Private reinsurance for oil & gas.
Energy operators live with exclusions: environmental liability carve-outs, regulatory whiplash, equipment failure downstream. These may be risks no commercial policy would touch. The Latitude Plan turns that retained risk into policies issued by a licensed carrier and reinsured to a reinsurance company you own, with premiums recommended by an independent actuary against your actual exposure and set by the carrier. The underwriting profit stays on your side of the table.
The risk profile
Underinsured and uninsured risks we see in this vertical
- Administrative & regulatory actions
- Business interruption
- Contingent business interruption
- Contractual liability
- Environmental & pollution liability
- Equipment breakdown & inland marine
- Legal expense reimbursement
- Legislative & regulatory changes
- Loss of a key customer
- Loss of a key supplier
- Performance bond exposure
- Reputational risk
- Work stoppage
Policies are priced by the carrier against an independent licensed actuary’s formal assessment of your underinsured and uninsured risks. Treat this list as a starting point.
The brief
A working example from the source engagements: an oil and gas firm grossing $10M expenses just under $1M per year in actuarially assessed premium (roughly the 10%-of-revenue benchmark seen across the portfolio).
Premiums are generally deductible business expenses. Confirm treatment with your tax advisor. Reserves can accumulate under your control and help cushion the kind of commodity-cycle years that make commercial markets harden.
Book a Call
One hour to find out what oil & gas premiums could be building for you.
A one-hour presentation of The Latitude Plan, then your questions. Your CPA or attorney is welcome on the line.