You know how volatile and risky your business operations in the oil and gas industry are. That is why you need a comprehensive insurance package that is tailored to your unique situation. The foundation of every Hobbs, NM, oil, and gas insurance is general liability insurance.
Especially in the oil and gas industry, accidents happen and people get injured or other people’s property gets damaged. A general liability insurance policy provides coverage for your business for property damage and bodily injury and covers medical payments and legal expenses due to a third-party lawsuit. In addition to this, personal and advertising injury claims can be covered as well. Just a single accident or disaster could cause extensive damage and lead to costly lawsuits. If you can’t or don’t want to pay for fees, expenses and jury awards, you need general liability insurance.
Consider These Valuable Additions
Every business owner needs general liability, but your particular situation calls for even more than that. Consider bundling your general liability with property insurance, which can be done with a business owner’s policy. Furthermore, you should consider purchasing excess liability and environmental liability insurance to extend the coverage that your general liability insurance provides.
You don’t want to worry about all the bad things that could happen when operating your business. Purchasing a great Hobbs, NM, oil and gas insurance package can provide you with a peace of mind so you can focus on your day-to-day business.