How Oil and Gas Pros Cover Their Risks
Professionals in the oil and gas industry know that their work can be dangerous. One of the best ways to cover the risks in this work is through Hobbs, NM oil and gas insurance. New Mexico is one of the top five states in the country in terms of crude oil production, and ranks among the top 10 for natural gas production. With statistics like these, it’s clear that the industry is an important revenue source in the state, and as such, employs a vast number of people in carrying out its work, all of whom must be properly insured.
Property and People Need Coverage
Policies for professionals in this industry take into account the potential for damages to the expensive and specialized machinery and equipment used in drilling and pumping, as well as the potential for other damages to property. Another risk factors is personnel. Workers can become injured in oil and gas drilling and pumping operations or during oil field trucking tasks. There are also risks inherent in a wide variety of other scenarios, from well servicing and wire line operations to roustabout and lease maintenance.
Pros Don’t Go Without
Oil and gas pros would never go without the necessary insurance coverage. Hobbs, NM oil and gas insurance lets them rest assured that they are protected in the event of losses, injury or damages.