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Managing a drilling operation comes with a tremendous amount of inherent risk. Do not let your business' growth be restricted in any way by the amount of risk that is generally associated with your operation. This makes oil and gas insurance is absolutely vital for all aspects of the energy production field. Hiring a great team to handle your policy is the first step in significantly lowering the amount of risk your operation is taking on at any given moment. A good company will send qualified consultants out to assess your work sites and make vital safety suggestions. These consultants are hired to save you money on your policy, so it is a good idea to implement as many of their suggestions as possible. As you know, the rig is one of the most dangerous places to work in the energy field, but when you have oil and gas insurance they will send an experienced professional safety consultant to your site to do the following: - Conduct a rig assessment to ensure that your operation is completely safe for employees and the environment at federally approved levels. - Inspect all the equipment. Once you have had a safety professional give your rig's equipment safety certifications then your policy rates will be significantly reduced. - Train your employees in safety standards. Fall and equipment operation safety courses are very important to running a successful and safe energy operation. Making sure that your staff is completely trained in safety procedures and protocols will only benefit your bottom line. - Assist you in implementing employee safety committees. These committees will work to keep the entire staff up-to-date on safety issues; they will also work as a form of self-inspection and regulation. Fully disclosing and reporting all accidents and safety concerns will not only allow you to address them in an expedited fashion, but it will also go a long way in ensuring that your oil and gas insurance rates stay reasonable. Lastly, you need to be sure environmental protection is included in your plan! Having environmental protection coverage as part of your oil and gas insurance helps protect you from third-party claims that result of environmental hazards, and it ensures that any environmental hazard gets remedied as soon as possible by a clean up crew provided for by your policy. If you have an energy operation, you need an all-inclusive policy to protect your business.