Oil and Gas Insurance is an insurance policy that covers human life, the environment and property from any accidents
and oil and gas organization activities. … Thus, the industry needs to be insured to cover certain proportion of the
liability in case of any accidents either within, during transit or outside the insured territory. The human policies
provided, includes combine workmen compensation cum Group personal accident, and Group life Assurance. The
environment are third party liability insurance that may arise as a result of operational Hazzard. Whilst the equipment and installations are to be adequately protected so also the movement of crude either finished petroleum or
processing products.
Premium charged: subject to the exposure and coverage required and approved premium guidelines by the regulatory
body, National Insurance Commission