What Insurance Do Coil Tubing Companies Need? (Full Coverage Guide)
- Nate Jones, CPCU, ARM, CLCS, AU
- 4 days ago
- 2 min read
Operating a coil tubing company in the oil and gas industry comes with unique risks. From expensive equipment to high-stakes operations and potential environmental liabilities, protecting your business with the right insurance is critical. But what insurance do coil tubing companies actually need? This full coverage guide breaks it down for 2026.
Key Insurance Policies for Coil Tubing Companies
General Liability Insurance: General liability protects your business against third-party bodily injury, property damage, and legal expenses. This is essential for any company performing oilfield services.
Equipment and Machinery Insurance: Coil tubing operations rely on costly equipment, such as rigs, tractors, and specialty tools. Equipment insurance ensures that repairs or replacements don’t put your business at financial risk.
Environmental Liability Insurance: Oilfield operations carry the risk of environmental damage. Environmental liability coverage helps protect your business if operations result in soil, water, or air contamination.
Workers’ Compensation Insurance: Injuries can happen on-site. Workers’ compensation ensures your employees receive medical care and wage replacement while keeping your company compliant with state regulations.
Commercial Auto Insurance: If your business uses trucks, trailers, or specialized vehicles to transport coil tubing equipment, commercial auto insurance protects against accidents, damage, and liability claims.
Umbrella Insurance: An umbrella policy provides extra liability coverage above standard policy limits, offering additional protection for catastrophic events.
Factors That Influence Coverage and Costs
Several factors affect what insurance you need and how much it will cost:
Business size and revenue
Number and value of equipment
Operational risks and location
Claims history
Coverage limits and policy types
Understanding your company’s risk profile helps in tailoring policies that provide comprehensive protection without unnecessary costs.
Why Choose Wexford Insurance?
At Wexford Insurance, we help oil and gas business owners find insurance coverage tailored to their specific needs. Our team works with top-rated insurance carriers nationwide to ensure you get the right protection at competitive rates.
With Wexford Insurance, you gain a partner committed to protecting your business so you can focus on safe, efficient operations and growth.
