In New Mexico, oil field insurance is a vital asset for any company involved in this highly-competitive and dangerous industry. Whereas oil companies need protection for many of the same items as businesses in other fields, there are specific issues that affect the oil industry more than other industries. Whether you’re a sole proprietor contractor or a corporation, it’s important to have a high-quality insurance policy in place for when accidents happen.
Be Prepared When Accidents Happen
Just because an accident has never happened to your company is no reason to be complacent with regards to insurance coverage. No matter how large your company is, if an unforeseen incident occurs, your firm could face responsibility for all damages, liabilities and repairs that result, even if your company is not solely responsible. By consulting with a knowledgeable oil field insurance specialist before a disaster happens, you can ensure your company has coverage against lawsuits and claims that might otherwise devastate your business.
The Right Coverage Could Save Your Company
Coverages that can help protect your business include,
- Environmental liability
- Pollution liability
- Commercial auto liability
- Commercial umbrella
You’ve worked hard to build your firm to what it is today. Don’t let accidents and lawsuits ruin force you to close your doors before your ready. If you’re located in New Mexico, oil field insurance looks out for your company, leaving you time to look out for your employees.