How Much Does Coil Tubing Services Insurance Cost in 2026?
- Nate Jones, CPCU, ARM, CLCS, AU
- 4 days ago
- 2 min read
Running a coil tubing service in the oil and gas industry comes with high stakes. From expensive equipment to operational hazards and liability exposure, insurance is a critical investment to protect your business, employees, and bottom line. But how much does coil tubing services insurance cost in 2026? The answer depends on a variety of factors.
What Influences Coil Tubing Insurance Costs?
Insurance premiums are not one-size-fits-all. Factors that directly affect the cost of coverage include:
Business Size and Revenue: Larger businesses typically require higher coverage limits, increasing premiums.
Equipment and Assets: Coil tubing rigs, specialized tools, and heavy machinery are costly to replace, which impacts insurance rates.
Operational Risks: The types of operations you perform, well depth, and geographic location all contribute to risk assessments.
Claims History: A clean insurance record can lower costs, while a history of claims may increase premiums.
Coverage Options: General liability, environmental liability, workers’ compensation, and equipment insurance all combine to affect the final price.
On average, coil tubing services insurance in 2026 ranges from $5,000 to $25,000 per year. However, this is a broad estimate—your actual cost will depend on the specific profile of your business.
Essential Coverage for Coil Tubing Operations
Understanding the types of coverage needed for your business can help you avoid costly gaps:
General Liability Insurance: Protects against third-party injuries, property damage, and legal claims.
Equipment and Machinery Insurance: Covers the repair or replacement of high-value coil tubing rigs and other tools.
Environmental Liability Insurance: Protects against pollution claims or environmental accidents.
Workers’ Compensation Insurance: Ensures your employees are covered in case of on-the-job injuries.
Many business owners benefit from bundling multiple policies to reduce overall premiums while ensuring comprehensive coverage.
Why Choose Wexford Insurance?
At Wexford Insurance, we focus exclusively on supporting oil and gas business owners. We understand the unique risks your business faces and work with top-rated insurance carriers across the nation to find the right coverage at competitive rates.
With Wexford Insurance, you’re not just buying coverage—you’re gaining a partner who ensures your coil tubing operations are fully protected, letting you focus on growing your business with confidence.
