Austin, Texas-based Specialty Insurance Managers Inc. announced it has created a new Energy Division and hired Randy Bila as lead underwriter/broker.
Bila has headed SIM’s general lines department for 19 years.
Commercial general liability minimum premiums are as low as $1,500 for certain classes in the new program. Over-the-hole exposure is acceptable in most cases, according to the company’s announcement.
Hazards D (underground resources and equipment) and Z (pollution) are presently available at up to $1,000,000 limit; may be written at a sublimit; or can be excluded for premium credit.
Acceptable classes include Oil/Gas Lease Operators & Non-Operators, Drilling Contractors, Geophysical Exploration, Cleaning & Swabbing Contractors, Wireline Contractors, Roustabout Contractors, Hot Oil Contractors, Well Servicing Contractors, Fracturing Contractors, Acidizing Contractors, Rig Erection & Dismantling Contractors, Oil/Gas Field Construction, Pipeline Operators, Flowback Operators, Tank Cleaning & Painting (respects lease operations only), Supplies & Equipment Dealers.
Source: Specialty Insurance Managers Inc.
Topics Excess Surplus New Markets Contractors
Was this article valuable?
Here are more articles you may enjoy.
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
State Farm Paid a ‘Hail’ of a Lot of Claims in 2025 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
