Canadian Underwriter

CFC Launches Insurance Solution for Oil and Gas Consultants

January 29, 2014   by CFC Underwriting

Specialist lines underwriting agency, CFC has today announced the launch of O&G, its comprehensive insurance solution for a wide range of oil and gas professionals.

With competitive premiums for small firms, O&G covers a broad range of oil and gas consultants including everyone from drilling consultants and well-site operators to welding inspectors and geologists. A unique feature of the product is the ability to combine cover for financial loss arising from professional advice with cover for bodily injury or property damage claims arising from hands-on work.

Gary Norman, Casualty Practice Leader at CFC, explains, “Our new O&G cover fills a gaping hole in the insurance market for oil and gas professionals who are required to occasionally undertake manual work. As part of what is a complex and often hazardous industry they face a unique set of risks but until now have been overlooked by standard oil and gas policies.  O&G addresses this with one fully comprehensive, tailored solution.”  

Key features include:

    • Full errors and omissions cover including professional liability, breach of contract, loss of documents and the payment of withheld fees
    • Commercial general liability including products and completed operations, tenants’ legal, non-owned and hired auto and medical expenses
    • Cover for bodily injury and property damage as a direct result of sudden and accidental pollution or contamination
    • Worldwide jurisdiction and territorial limits provided as standard
    • Additional property insuring clause for tools and equipment
    • Streamlined application process and clear policy wording
    • Provision of quotes within 24hrs
    • Access to a specialist teams of claims professionals

O&G is currently available throughout Canada and the US. 

About CFC

CFC Underwriting is an award winning Lloyd’s MGA specialising in developing and distributing cutting edge insurance products for specific niche markets.

Based in London, CFC has clients in over 50 countries around the world and is backed by 22 Lloyd’s Syndicates.

CFC was named Underwriter of the Year at the 2010 British Insurance Awards, Underwriting Team of the Year at the 2011 London Market Awards, MGA of the Year at the 2012 Insurance Times Awards and won the prestigious Queen’s Award for Enterprise in International Trade in 2013.

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