CHES Special Risk Expands Coverage for Alberta’s Oil & Gas Contractors and Welders, with New Local Office in Edmonton

EDMONTON, AB, NOVEMBER 25, 2024/insPRESS/ – In response to Alberta’s bustling oil and gas industry and the unique risks its workers face, CHES Special Risk is proud to offer the expansion of its specialized insurance solutions tailored specifically for oil and gas contractors, welders, and related trades. This expansion comes alongside the opening of CHES’s new office in Edmonton, Alberta, reinforcing CHES’s commitment to the province’s vital oil and gas sector and allowing brokers and clients easier access to localized service and expertise. The offering provides essential protection for professionals who operate in one of Canada’s most high-stakes industries, ensuring they can work confidently, knowing they have comprehensive coverage behind them.

As the demand for skilled labor in Alberta’s oil fields and pipelines continues to grow, so too does the need for robust insurance solutions that address the unique exposures these contractors face. CHES Special Risk’s insurance program for oil and gas contractors and welders offers coverage designed to mitigate the diverse risks associated with work in volatile environments, including high-risk locations, specialized equipment, and demanding operational conditions.

Consider an Alberta-based welding contractor who maintains and repairs equipment on oilfield sites. With CHES’s specialized coverage, they are protected against a range of risks—from pollution liability in case of accidental fuel or oil spills on-site, to tools and equipment coverage in the event that their high-value welding gear is stolen or damaged. The contractor can work confidently, knowing that their insurance has anticipated and addressed the unique exposures of their profession.

Coverage Highlights Include:

– Comprehensive Liability Coverage: Protects contractors and welders against third-party injuries and property damage claims.

– Tools and Equipment Coverage:  Insures against damage, loss, or theft of essential equipment and tools.

– Pollution Liability: Provides coverage for pollution-related incidents, a critical consideration in the oil and gas sector.

– Contractor’s Errors and Omissions (E&O): Covers financial losses arising from errors or omissions in work, addressing client demands and project compliance requirements.

– Commercial Auto and Fleet Coverage: Essential for contractors with vehicles transporting heavy equipment or traveling frequently between job sites.

– Business Interruption Insurance: Covers financial losses in the event of operational shutdowns due to covered perils.

“Alberta’s oil and gas sector is a cornerstone of Canada’s economy, employing skilled professionals who deserve tailored coverage solutions that reflect the unique challenges of their work,” said Gary Hirst, President & CEO, CHES Special Risk. “Our goal is to be a reliable partner to Alberta’s contractors and welders, providing them with the peace of mind to focus on their jobs without worrying about gaps in their insurance coverage.”

With years of experience delivering niche insurance solutions across Canada, CHES Special Risk is well-equipped to support brokers in Alberta by offering comprehensive policies that meet the rigorous demands of the oil and gas industry. By partnering with CHES, brokers can deliver value to clients, streamline policy management, and ensure they’re protected in the face of everyday risks.

For more information on CHES Special Risk’s oil and gas contractor and welder insurance program or to obtain a quote, brokers are encouraged to contact CHES Special Risk at info@CHESSpecialRisk.ca.

 

ABOUT CHES Special Risk Inc.

CHES Special Risk Inc. was established as a Managing General Agent and Wholesale broker in 2004, in response to broker demand to a hardening marketplace, commencing with a particular specialty in the entertainment and hospitality business, later becoming a fully accredited Lloyd’s cover holder in 2009. CHES Special Risk and Sister Companies are a fully Independent MGA delivering “A” rated capacity both in the hard to place, and standard lines classes and support their retail brokers in growing and developing their businesses.

Additional information regarding CHES Special Risk can be found at: http://www.CHESspecialrisk.ca.

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If you would like more information about this topic, please call us at 416-452-7850 or email Gary.Hirst@CHESspecialrisk.ca