Berkley Oil & Gas

What Berkley Oil & Gas does

Berkley Oil & Gas is a Houston-headquartered specialty insurance underwriting operation serving the U.S. energy industry as a member company of W.R. Berkley Corporation (NYSE: WRB), a Fortune 500 commercial property-casualty group. The company underwrites four core lines — Commercial Auto, General Liability and Umbrella (limits up to $5M), Inland Marine and Property, and Workers Compensation (including USL&H, OCS, and MEL) — on behalf of W.R. Berkley member insurers that carry A.M. Best A+ (Superior) and S&P A+ (Strong) ratings. Its risk services team of seven HSE specialists contributes over 200 combined years of insurance and oilfield experience, supplementing underwriting with safety culture consulting, IVMS program design, and 24/7 catastrophic claims response.

Name

Berkley Oil & Gas

Legal name

Berkley Oil & Gas

Website

https://berkleyoil-gas.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

101–250 employees

Short description

Berkley Oil & Gas is a Houston-based specialty insurance underwriting unit of W.R. Berkley Corporation that provides Commercial Auto, General Liability and Umbrella, Inland Marine and Property, and Workers Compensation coverage — plus risk and claims services — exclusively to U.S. oil and gas operators, drillers, contractors, and midstream companies.

Ownership category

akta.pro rank

Product category

Energy Industry Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Energy & Power Specialty (Onshore/Offshore) (FSAJAGAI)

akta.pro secondary industries

Umbrella & Excess Liability (Fleet/Transportation) (TLABANAG), Co-Employment Risk Management & Insurance (Workers’ Comp, Liability) (BPACAGAH), Surplus Lines Property (CAT/High-Hazard) (FSAJAGAB)

Keywords

• Energy industry insurance
• Oil and gas insurance
• Commercial auto coverage
• Workers compensation insurance
• General liability insurance

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premium Revenue: Berkley Oil & Gas underwrites insurance policies on behalf of W.R. Berkley Corporation member insurance companies. Revenue is generated through insurance premiums across multiple lines including Commercial Auto, General Liability, Umbrella, Inland Marine and Property, and Workers Compensation. The company offers guaranteed cost products, small deductible programs, and large deductible programs.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Berkley Oil & Gas underwrites and delivers specialized property-casualty insurance coverage exclusively for the oil and gas industry, offering four core lines — Commercial Auto, General Liability and Umbrella, Inland Marine and Property, and Workers Compensation — alongside complementary Risk Services, Claims Services, the Energy Risk Solutions (ERS) online HSE learning platform, and the Kick Assistance Program (KAP) for well control intervention. Coverage is tailored with energy-specific endorsements, MSA/JOA-compliant forms, and pollution liability provisions for U.S. energy operators, drillers, contractors, suppliers, and midstream companies.

Product overview

Berkley Oil & Gas is an energy industry insurance company offering a unified portfolio of four core insurance products—Commercial Auto, General Liability and Umbrella, Inland Marine and Property, and Workers Compensation—along with complementary Risk Services and Claims Services modules. The company also operates Energy Risk Solutions (ERS), an online learning management system with over 150 HSE courses. All products are designed specifically for the oil and gas industry with customized coverage addressing energy sector exposures, and include add-on programs like the Kick Assistance Program (KAP) for well control incident prevention.

Differentiator

Problem solved

Functional benefit

Brands

• Energy Risk Solutions (ERS): Online learning management system providing over 150 energy and energy-related HSE (Health, Safety, and Environment) courses for policyholders

Products and services

• Commercial Auto Insurance Insurance covering legal liability from auto accidents and physical damage from collisions for oil and gas businesses, including non-owned, leased, and hired vehicles. Features include MCS90 and Form E filings, broadened pollution liability endorsement for oilfield chemical spills, and a coverage suspension endorsement for vehicles not in use. Designed for oil and gas operators, contractors, and service companies whose commercial auto fleets operate in lease-site, drilling, and well-servicing environments.
• General Liability and Umbrella Insurance Energy-industry general liability and umbrella coverage with customized insuring agreements, knock-for-knock indemnity language, pollution coverage, blanket additional insured and waiver of subrogation, and umbrella limits up to $5,000,000. Forms conform to most Master Service Agreement (MSA) insurance requirements and are targeted at oil and gas operators, contractors, and service companies seeking contractual risk transfer.
• Inland Marine and Property Insurance Energy-specific inland marine and property coverage for contractor's equipment, well servicing equipment, oil and gas leasehold interests, motor truck cargo, and riggers liability. Covers contractor's equipment, dirt and site prep equipment, workover and drilling rigs, snubbing units, wireline units, hot oilers, and fracking equipment. Built for oil and gas contractors, drilling firms, and oilfield equipment owners with significant mobile asset exposure.
• Workers Compensation Insurance Workers compensation coverage available in all states including monopolistic states, with specialized coverages such as Alternate Employer, Foreign Voluntary Workers Compensation, USL&H, OCS, and Maritime Employers Liability (MEL). Includes risk services, flexible payment options, and dedicated premium audit specialists. Targeted at oil and gas employers with field-based workforces exposed to high-risk oilfield environments, including offshore operations.
• Energy Risk Solutions (ERS) Online learning management system offering more than 150 energy and energy-related computer-based HSE (Health, Safety, and Environment) courses in classroom or individual user formats. Mobile-friendly and available 24/7 to policyholders with safety training, course tracking, and resource access. Offered as part of the Berkley Oil & Gas risk services ecosystem to oil and gas policyholders seeking HSE training and compliance support.
• Risk Services No-cost risk services including health, safety, and environmental consulting provided by seven experts with combined 200+ years of insurance and oil and gas experience. Services include safety culture creation, climate perception surveys, fleet safety, IVMS programs, journey management, ESG practices, and onsite or virtual training. Available to Berkley Oil & Gas energy industry policyholders as a value-added standalone service line.
• Claims Services Resolution-focused claims handling with technical expertise in unique energy lines of business, proficiency in multiple jurisdictions, proactive litigation management, and expertise in Master Service Agreements and Joint Operating Agreements. Includes catastrophic loss response and 24/7 claims reporting. Serves Berkley Oil & Gas policyholders across Commercial Auto, General Liability, Inland Marine and Property, and Workers Compensation lines.

Quantifiable outcome

• $50,000 available for well control event prevention expenses through Kick Assistance Program
• +1 more outcomes

Segments10 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Wild Well ControlcoreStrategic or Co-development PartnerWild Well Control is a leader in emergency firefighting, well control, engineering, training and other HSE-related services. The strategic alliance brings Berkley Oil & Gas customers discounted rates on well control training and IADC WellSharp courses.
• Safety SkillsminorStrategic or Co-development PartnerSafety Skills provides competency-based and engaging online safety training for enterprises in multiple languages and subjects. Berkley Oil & Gas insureds have access to Safety Skills courses including oil and gas catalog at significant discount through Energy Risk Solutions (ERS) learning management system.
• Vorenkamp Well Control TrainingminorStrategic or Co-development PartnerVorenkamp Well Control Training (VWCT) provides drilling and well control training to help clients conduct duties safely and effectively. Partnership provides Berkley Oil & Gas customers access to Vorenkamp training at negotiated discount.
• ISNcoreTechnology or IntegrationISN and Berkley Oil & Gas partnership enables automatic transmission of insurance policy information to ISNetworld. Policy information sent three times per day and reviewed against Hiring Client requirements. Electronic certificate of insurance available within ISNetworld for insureds and their Hiring Clients.
• SGS GalsonminorStrategic or Co-development PartnerSGS Galson is a world leader in industrial hygiene analysis and monitoring solutions. Partnership provides Berkley Oil & Gas customers access to equipment and laboratory analysis services for occupational health, safety, and environmental protection.

Scale indicators6 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Liberty Mutual Insurance — Energy: Liberty Mutual operates a dedicated Energy insurance unit offering upstream, midstream, and oilfield services coverage. Comparable as a broad P&C incumbent with a focused energy practice competing for similar accounts and brokers.
• AXA XL — Energy: AXA XL's Energy division underwrites upstream, downstream, and offshore energy risks worldwide. Comparable as a large specialty P&C incumbent competing for the same oil and gas accounts.
• Chubb — Energy: Chubb's Energy Industry Practice underwrites upstream, midstream, and downstream risks globally. Comparable as a large global P&C carrier with a specialized energy underwriting unit targeting the same oil and gas customer base.
• Tokio Marine HCC — Energy: Tokio Marine HCC's Energy group underwrites oil and gas liability and specialty coverages. Comparable as a specialty P&C incumbent with energy-line expertise competing for upstream and service contractor accounts.
• Zurich Insurance — Energy: Zurich's Energy team provides property, liability, and specialty coverages for oil and gas operators and contractors. Comparable as a broad incumbent with a dedicated energy underwriting practice.
• AIG — Energy: AIG's Energy Insurance unit provides property, casualty, and specialty coverage for upstream, midstream, and downstream energy risks globally. Comparable as a broad incumbent with significant energy underwriting scale.
• Travelers — Energy: Travelers offers oil and gas insurance through its Energy unit, covering operators, drillers, and service contractors. Comparable as a broad commercial P&C incumbent with a defined energy specialization.

Direct peers

• Oil Casualty Insurance, Ltd. Bermuda-domiciled mutual insurer providing liability and property coverages exclusively to the oil and gas industry. Closely comparable as a single-vertical energy insurance carrier with deep upstream and downstream expertise.
• International Oil Insurance: Energy-industry insurance pool serving major integrated oil and gas companies. Directly comparable as a specialist oil-and-gas insurance organization with concentrated upstream coverage focus.
• Signal Indemnity / Energy Mutual Affiliates: Specialty mutual insurance organizations serving oil and gas operators, drillers, and service companies with workers compensation and liability coverage. Directly comparable as niche carriers in the same energy insurance vertical.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/berkley_oandg

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Berkley Oil & Gas