Oil & Gas Insurance

At Insurance Broking Services, we understand the unique challenges faced by businesses operating in the oil and gas sector. Whether you operate an onshore or offshore oil and gas facility, manage gas processing or LNG operations, or provide specialist contractor services — drilling, engineering, shutdown, or exploration — to the upstream and downstream energy industry, the risks you face are among the most complex and consequential of any industry in Australia. The oil and gas sector is renowned for imposing onerous contract conditions — indemnity obligations, unlimited liability clauses, and principal-controlled insurance arrangements — that can expose contractors to liabilities far beyond what their own operations would normally generate. Professional indemnity is increasingly critical for geologists, project managers, and technical consultants whose advice on data interpretation, reserve reporting, and project evaluation carries significant financial and regulatory consequences. Environmental and pollution liability is a distinct and growing exposure — a well blowout, pipeline rupture, or spill on an oil and gas facility can generate remediation costs and third-party claims that run into hundreds of millions of dollars, well beyond the scope of a standard public liability policy. Kidnap and ransom cover is a practical consideration for operators working in remote or internationally exposed locations. We leverage our industry knowledge and access to specialist energy sector underwriters to build tailored insurance solutions for your situation, from the financial lines and professional risks through to the complex operational covers, ensuring your facilities, your people, and your business are properly protected at every stage of the energy lifecycle.