Chubb Petroleum

Industry Insurance
Creates Certainty
The petroleum industry continues to play a major role in global commerce. With today's changing world,
your company is facing new challenges and new exposures to loss every day. You need an insurance
program that can keep pace with the times.
Chubb has been insuring the petroleum industry for nearly 45 years, and we understand your company's
unique exposures, whether you are an oil and gas lease operator, service contractor or pipeline operator.
That's one reason why we are the insurer of choice for so many of the world's petroleum companies.
Our energy specialists can help you build a tailored insurance program that includes specialized package,
umbrella, pollution liability and workers compensation policies, among other products. What's more, you
can count on Chubb for all of your service needs. Our flexible insurance products are supported by
unparalleled loss control and claim services.

TARGET CUSTOMER PROFILE

Oil and gas lease operators/non operators

Oil and gas drilling and well service contractors
Ethanol producers
Biodeisel producers
Pipeline Operators
Wireline services
Lease maintenance contractors
Seismic and Geophysical contractors
Compressor leasing services
Petroleum geologists
Pipeline Contractors
Lease Site preparation

PRODUCTS AVAILABLE
Chubb's Package Approach
Chubb's hallmark package product features a modular format and a $250,000 automatic blanket
limit for certain property extensions that allows you to spend your insurance dollars where you
need them most following a loss. Consider these valuable features of Chubb's package product
for the petroleum industry:

All-risk property protection is provided for your property exposures, with a specialized mobile
equipment insurance that automatically includes newly acquired equipment.

Business income, contingent business income and extra expense and extra expense insurance are
available. Our approach considers historic production levels, among other factors, in determining the
appropriate level of business income, making it easier to purchase the proper amount of insurance.

Chubb Petroleum
Industry Insurance
Creates Certainty
Liability insurance provides protection for bodily injury, property damage, personal injury and
advertising injury for your oil and gas exploration and production activities, as well as for newly acquired
or formed organizations.
Chubb's package approach for the petroleum industry is designed specifically for petroleum
operations and offers many enhancements:

Newly acquired wells automatically included

Co-owners of working interest and non-operating working interests you manage and control are
insureds

Defense in addition to the limit

Lease property form includes tanks, pump jacks, dehydrators and associated lease equipment, as
well as crude stored in tanks

Per well liability limit for underground resources and equipment

Blanket additional insured and primary wording available
Ability to schedule gas storage and gas extraction/recovery facilities
Contractors equipment form can include oil field servicing equipment
Ability to schedule pipelines including pipeline metering, gas conditioning and compressor stations

Round Out Your Insurance Program

Chubb also offers insurance protection for:

Pollution Liability - helps to provide protection for suits brought against you for damages to the
environment (can be extended to include on-site cleanup costs)

Excess/Umbrella Liability - offers high limits to help protect against catastrophic liability, as well as:
Two insuring agreements:
Coverage A affords vertical continuity with your primary coverages
Coverage B closes many gaps in your primary liability program
No aggregate is imposed on unaggregated policies such as auto
Separate aggregate for products, Advertising Injury/Personal Injury and Coverage B apply
Commercial Automobile - includes non-owned and hired cars
Executive Protection Liability - includes Crime, Directors & Officers, Fiduciary, Employment Practices,
Kidnap/Ransom and Extortion

Multinational - global extension to expand property, liability protection worldwide, foreign voluntary
workers compensation, employers liability and international auto

USA Workers Compensation

Political Risk
Surety

Chubb Petroleum
Industry Insurance
Creates Certainty
GLOBAL REACH
Chubb uses its extensive network of wholly owned offices in 28 countries to provide insurance products and
services around the globe. Whether you are exploring business opportunities in western Canada or operating
a gas pipeline in Mexico, your Chubb underwriter can provide you with an integrated insurance program of
locally admitted and global insurance products to help avoid gaps in protection. In addition, all Chubb
domestic and international insurance products are supported by our global team of claim and loss control
representatives.

SERVICE
If you're looking for world class service, look no further. Chubb service is among the best in the business

Loss Control
Our goal is to reduce the probability of loss and minimize its severity should a loss occur.
Chubb's global network of loss control risk engineers has both the technical skills and
industry-specific knowledge to offer workable solutions to loss mitigation and disaster planning.
These risk engineers can conduct site assessments and assist in safety program planning for all
types of petroleum operations.
The following is a sampling of services available:

Self-inspection programs to identify potential well site general liability exposures

Management programs to control liability exposures associated with use of independent contractors
Drilling Rig and Well Service Unit inspections
Technical guidance related to pollution liability issues
Consultation on fire protection issues, including mobile equipment
Risk assessment of machinery exposures
Driver training
Driver/fleet safety programs

Claims
Chubb has earned a reputation for providing claim service with empathy in a prompt and fair manner. We
make it easy for you to report a loss. Through our global network of Chubb claim adjusters, we can respond
to a claim anywhere in the world.

Chubb Petroleum
Industry Insurance
Creates Certainty
LOSS SCENARIOS
Consider the following scenarios in the context of your own company. Many of today's insurance
policies would not adequately protect a business from these types of losses.
A lease operation has a well blowout. Numerous residents in the area are affected by well debris and fluids
from the blowout. The blowout is difficult and expensive to contain, exhausting the lease operation's
Operators Extra Expense (OEE) policy limit. Because the OEE has been exhausted, the pollution
component of that policy is unavailable to respond. However, the Chubb pollution liability policy and umbrella
policy were available to pay for cleanup in the area. Total damages exceeded $6,000,000.
A workover contractor has a severe automobile accident that results in a liability claim for $2,000,000. The
Chubb automobile policy responds for the first $1,000,000, and the Chubb umbrella responds for the second
$1,000,000. Because the automobile policy is not aggregating the umbrella policy will also not be
aggregated, and will be available for other claims the insured might have in that policy term.

STABILITY
You can count on Chubb to be there when you have a loss. The member insurers of the Chubb
Group of Insurance Companies consistently earn high ratings from A.M. Best for financial stability and from
Standard & Poor's and Moody's for claim-paying ability.
Consider the advantages of Chubb's insurance products and services. Then talk to your broker about
creating the insurance solution that is right for your company.
For additional information about Chubb Petroleum Industry Insurance, contact us at one of our
regional offices:

Branch Offices
Toronto

Montral

Calgary

Phone: (416) 863-0550

Phone: (514) 938-4000

Phone: (403) 261-3881

Vancouver
Phone: (604) 685-2113

Fax:

Fax:

Fax:

Fax:

(416) 863-5010

(514) 938-2288

(403) 269-2907

(604) 685-3811

www.chubbinsurance.com
Chubb Insurance Company of Canada
For promotional purposes, Chubb refers to member insurers of the Chubb Group of Insurance Companies, which includes: Federal Insurance
Company - Vigilant Insurance Company - Great Northern Insurance Company - Pacific Indemnity Company - Northwestern Pacific Indemnity
Company - Texas Pacific Indemnity Company - Chubb Lloyds Insurance Company of Texas - Chubb Custom Insurance Company - Chubb
Indemnity Insurance Company - Chubb Insurance Company of New Jersey - Chubb National Insurance Company - Executive Risk Indemnity Inc.
- Executive Risk Specialty Insurance Company - Chubb Insurance Company of Australia, Limited - Chubb Insurance Company of Canada Chubb Insurance Company of Europe, S.A. - Chubb do Brasil Companhia de Seguros - Chubb de Colombia Compaa de Seguros, S.A. - Chubb
de Chile Compaa de Seguros Generales, S.A. - Chubb de Mexico, Compaa Afianzadora, S.A. de C.V. - Chubb de Mexico, Compaa de
Seguros, S.A. de C.V. - Chubb Argentina de Seguros, S.A. - Chubb Insurance Company (Thailand) Ltd. - PT Asuransi Chubb Indonesia. Not all
insurers do business in all jurisdictions. In addition, not all coverages are available in all jurisdictions.
This literature is descriptive only. Whether or not or to what extent a particular loss is covered depends on the facts and circumstances of the loss
and the terms and conditions of the policy as issued. Claims examples are based on actual cases, composites of actual cases, or hypothetical
situations. Actual coverage is subject to the language of the policies as issued.

PET2008