Oil and Gas Insurance
Customized, proactive solutions designed specifically for energy companies.
Don’t Lose Control of Your Insurance Program
In Alberta’s competitive energy industry, rising insurance costs and inefficient claims processes can erode your margins, disrupt operations, and leave you feeling frustrated with your insurance program.
Without the right insurance broker, you risk losing control, leading to overpayment, inadequate coverage, and costly downtime. CMB Insurance Brokers’ proactive approach allows you to take back control of your insurance program.
INSURANCE SOLUTIONS FOR ALBERTA’S ENERGY INDUSTRY
Take Control of Your Insurance with Expert Guidance
Leverage Alberta’s Local Insurance Experts
Minimized Downtime
Ensure your claims are covered to the agreed value with clear communication on the process and timeline, reducing overall downtime.
Comprehensive Renewal Process
Receive in-person renewal presentations with a thorough review of asset and limit values, coverage and deductible options, and pricing adjustments.
Driver Hiring Management
Partner with the right carrier for your fleet, ensuring clarity on acceptable and unacceptable drivers, so you can hire with confidence.
Proactive Day-to-Day Management
Avoid last-minute issues with safety and compliance network, on-time pink cards, and immediate attention to your day-to-day service needs.
Reliable Communication
Always know who to call, with no confusion over contacts. We’re here and ready to assist whenever you need us.
Customized Coverage Solutions
Get insurance solutions tailored specifically to your business needs, ensuring your unique risks are fully covered and protected.
Free Guide: Overcoming Insurance Frustration in Complex Energy Operations
If you’re tired of unpredictable premiums, slow claims, and brokers who only show up at renewal time, this guide shows how proactive insurance gives you control and stability.
You’ll learn how Alberta’s leading energy companies are solving challenges like:
- Unexpected premium hikes with little to no explanation.
- Claims that drag on for months with limited communication.
- Renewals handled at the last minute, leaving no room to negotiate.
- Coverage gaps that expose operations to unnecessary risk.
Simplify and Control Your Insurance Program
Go from Frustrated to Confident
Step 1: Conduct a Thorough Business Review
We begin by understanding your operations and risks, ensuring a strong foundation for your insurance program.
Step 2: Design a Customized Insurance Policy
We create a policy tailored to your needs, providing the right coverage where it matters most.
Step 3: Establish a Clear Service Agreement
We set clear expectations, ensuring transparency and consistent service.
Step 4: Provide Ongoing Support and Loss Control Consulting
We provide continuous support, expert advice, and loss control consulting to minimize risks and keep costs under control.
Increase Operational Efficiency with Customized Insurance
At CMB Insurance Brokers, we know you need a well-performing insurance program backed by personalized, timely service that reduces downtime and enhances business operations. To achieve this, you need a broker who understands the energy industry, responds to your specific needs, and provides the right coverage at the right price.
Unfortunately, failing to optimize your insurance can lead to costly project delays, slow claims resolutions, and unexpected financial setbacks, leaving you frustrated. We believe that personalized, timely service from a local expert, results in reduced downtime, controlled costs, and a competitive advantage.
As a locally owned, Alberta-based, Canadian company, we specialize in construction-specific insurance solutions. Our experience ensures enhanced efficiency, cost predictability, and a stronger competitive edge.
Here’s how we do it: We complete a coverage audit and benchmarking, design a customized insurance and bonding program, establish a clear service agreement, and provide ongoing support and loss control consulting.
Receive on-time and controllable insurance solutions today. And in the meantime, download our free guide: Overcoming Insurance Frustration in Complex Energy Operations. Stop struggling with inefficient insurance programs. Instead, confidently manage a well-performing program that supports your operations and gives you a competitive edge.
Trusted Local Experience for Alberta Energy
We know how frustrating it can be to deal with complex insurance programs and cost uncertainty.
We’ve spent decades working with Alberta’s top energy companies, providing custom insurance solutions to help them overcome these challenges.
With 40 years of experience, a dedicated team, and a history of managing over $10 billion in client assets, we’re committed to guiding you through every step of your insurance journey.
About CMB:
- 40 years of industry expertise
- Alberta-based, Canadian company
- Independently owned, ensuring a client-first approach
- Headquartered in Edmonton with branches in Grande Prairie, Red Deer, Calgary, La Crete, and Mississauga
- Specializing in the energy, transportation, and construction sectors
- Managing over $10 billion in client assets
- Serving over 4,000 clients with a 94% retention rate
- Employing over 150 dedicated professionals
- Recognized for innovative programs by Canadian Underwriter Magazine
Frequently Asked Questions:
I’m satisfied with my current broker.
We completely understand the value of loyalty, and we feel the same way about our clients. But are you sure you’re getting everything you need? It’s easy to assume things are fine without a second opinion. Many energy companies we’ve worked with didn’t realize they had gaps in their coverage until we reviewed their programs. With CMB’s rapid growth—going from 3 to 30 staff in Grande Prairie alone in just three years—there’s a reason more clients are moving to us for better service and specialized expertise in the energy sector.
All brokers are the same.
It might seem that way, but not all brokers have the experience or unique approach needed to support energy companies effectively. At CMB Insurance, we specialize in the energy sector and understand the challenges your business faces. Over the last 4 years, we’ve experienced 304% growth, expanding from one office to 11 locations and growing from 18 employees in 2012 to over 150 today. Much of this growth comes from helping our clients succeed and grow their own businesses. CMB offers unique services that go beyond standard insurance, supporting our clients’ long-term growth. This level of success proves we’re doing something different that delivers real value to our clients, setting us apart from other brokers.
Switching brokers is too disruptive and time consuming.
We understand the concern, which is why we handle all the heavy lifting for you. Our team has successfully onboarded thousands of new clients, and we’ve streamlined the process to make it as seamless as possible for your business. If you’re worried about an open claim or the transition process, our independent, in-house claims team is ready to assist right away. With our experience and proven track record, switching to CMB means you get the expertise and support you need without disrupting your operations.
CMB is an oil and gas insurance broker
The oil and gas industry is physically and financially demanding. We respect that reality.
To support you, we keep abreast of innovations in technology and maintenance, safety and best practices. Then we write well-planned policies and deliver risk management services that allow you to minimize loss, control risk, and operate safe and profitable businesses.
We’re familiar with how people, equipment and tools work in small startups, as well as at large privately owned and publicly traded operations. We know how to insure oilfield service and construction companies, drilling and exploration companies, and oilfield operations companies.
The many details we insure include all aspects of:
- Oilfield Servicing
- Drilling and Exploration
- Oilfield Construction
- Oil and gas properties
At CMB Insurance Brokers, we understand the challenges associated with insuring an oil and gas business. Our agents have the knowledge and experience needed to address the unique insurance needs of a wide range of oil and gas businesses.
If your company is involved in pipelining, construction, field services, or any other sector of the energy market, choose CMB for your insurance & risk control needs. No matter what risks you face, the team at CMB insurance will be there to protect your business and provide peace of mind.
What do you need from and oil and gas insurance company?
- Protection for property, tool, supply and equipment losses due to fire, vandalism, theft and more
- Protection for equipment breakdowns
- Protection for liability losses due to injury or third-party property damage, pollution liability, or commercial general liability
- Protection for errors and omissions
- Protection for loss of income due to business interruption and more
- Protection for automobile losses due to accidents and vandalism
- Protection for cyber losses due to data loss, credit card breach and other digital threats
Providing insurance coverage for oil and gas professionals:
Compressor and Pump Stations
Compressor and Pump Stations
Drilling Contractors
E&P Companies
Field Services
Gas Processing Plants
Geo-physical Services
LPG and LNG Facilities
Oil Drillers
Oilfield Consultants
Oilfield Technicians
Perforators
Pipeliners
Seismic Operators
Tank Terminals
Well Loggers
Well Operations – Non-drilling Services
Well Servicing
Well Testers
Wellsite Geologists
Explore Our Oil and Gas Insurance Articles
Our blog is an ever-evolving resource, crafted for professionals in the oil and gas sector. We delve into some of the latest industry news and provide guidance on various types of oil and gas insurance. In addition to this, we offer valuable insights from the insurance landscape and information from our strategic partners in financing, safety, and human resources, all relevant to the unique challenges of the oil and gas industry. To start you off, here are some key articles:
How Much Is Liability Insurance For Oil and Gas Contractors? An overview for understanding the costs and coverage specifics for liability insurance in this high-risk industry.
General Servicing Precautions for Wells: Best practices and safety protocols to ensure the well-being of your operations and personnel.
Oil and Gas Operations – Job Safety Analysis: An exploration of safety analysis techniques to mitigate risks in oil and gas operations.
Oil and Gas Workplace Stress: Strategies to manage and reduce stress in the demanding oil and gas work environment.
Potential Exposures During Flowback Operations: Identifying and managing the unique risks associated with flowback operations in the oil and gas sector.
Visit our Oil and Gas Insurance Blog for the latest updates, insights, and practical advice.
Why Professionals Trust CMB
Areas We Serve:
Alberta • British Columbia • Saskatchewan • North West Territories • Ontario
