Oil insurance is an insurance coverage that covers a relatively wide range of sectors involving oil and energy industries. There are insurance companies that particularly specialize in the insurance management of petroleum companies, and there others on the other hand who only cater to certain parts. Insurance companies who specialize in oil insurance have a much bigger range of coverage and are able to provide more advanced insurance programs than other insurers who normally only provides general insurance coverage.
In the oil industry, cargo insurance is one that is most highly sought after. After all, oil and fuel are transported by trucks and these trucks are the ones that transfer their precious oil and fuel cargo from depot to their distribution facility. The insurance policy for this has coverage for the vehicle as well as the contents of the tank being transported. The insurance policy can also cover third party pollution on accidental basis, environmental response, spill response, and other types of claims that is related to the transport of oil. There are some cargo insurance that also provides driver training and courses on spill response.
In the past, any type of insurance transactions, particularly that of oil insurance, must undergo traditional underwriting procedures. However, these days, thanks to access to fast internet connections, there are a good number of insurance companies that are now online and can provide website access where their insurance transactions can take place. In fact, even insurance claims can now be handled online. The best part about having online access to important insurance transactions and claims is that you can do this at any time of the day and not be limited by the short office work hours that you traditionally had to follow when signing up or filing insurance claims.
Since online insurance transaction is now paperless, there has been a reduction in cost as well as the time insurers respond to claims being made. This is actually a win-win situation for both sides. In fact, having access online to insurance companies’ means you now can also get quotes online. Oil insurance quote Fort McMurray can be gotten online. Their advanced online software allows you to get the quote you need almost instantaneously. The best part is that they have online support 24/7 which you can connect with in case you are having some issues with any part of their website.