General Liability and Other Primary Lines of Coverage
Boley-Featherston's primary market for oil and gas insurance is the TAEP program with Bituminous Insurance Company. Primary lines including general liability, pollution, auto, property and equipment can all be written in the program which is eligible for the Alliance’s safety group dividend, which has averaged 15.7% over the past thirteen years, and has been paid to the program’s members in eleven of those years.
Control of Well
Control of well coverage in the program is with Travelers. Alliance members receive a 15% discount off of Travelers’ standard control of well rates.
Workers' Compensation Guaranteed Cost
The primary market for Workers' Compensation coverage in the TAEP program is Texas Mutual. In addition to Texas Mutual's regular dividend, the TAEP group is also eligible for a secondary dividend each year.
Excess liability coverage in the program is with First Mercury Insurance through the brokerage Umbrella Essentials. The TAEP excess form written over the Bituminous primary coverage provides follow-form coverage to the underlying Bituminous policies. It is the only policy form of its kind in the industry.