Insurance Program

In 1994, Monroe & Monroe Insurance and Mid-Continent Casualty designed an insurance program specifically for the petroleum equipment industry.  In 2000, the agency became sponsored by PEI, Petroleum Equipment Institute. As a result, Monroe & Monroe Insurance actively recruits new members for PEI.  We feel that the savings incurred by purchasing insurance through our program pays for the membership and we can offer broader coverages to members than to our non-member customers.

 

During the past few years our program has expanded its scope and therefore has grown to include other related petroleum equipment contractors:

  • Petroleum Equipment Dealers
  • Cathodic Protection Contractors
  • Environmental Drillers and Testing Companies
  • Environmental Consultants doing Phase I, II or III
  • Anyone Dealing with Service Station Maintenance or Construction

 

The pricing of our program is generally lower than the competition and we offer broader coverages. Our rates are exclusive to our program and we offer pollution coverage at an extremely low price. The General Liability is on an Occurrence Form from a Standard Admitted Insurance Company. Our deductible is $0 for PEI members and $500 per claim for Non-Members.  Other markets require $1,000 to $5,000 deductibles.

 

Our Customer Service Representatives are familiar with your industry and understand the importance of sending timely and accurate insurance certificates to your customers. The pricing and coverage aspects of our program have helped many businesses like yours in the last few years. Our program has grown to include over 350 companies. Many of our clients have volunteered to answer questions prospective clients might have regarding our claims handling, renewal pricing, and service.

To Summarize Our General Liability Program, We Offer:

  • Exclusive Program
  • $0 deductible on GL and Pollution ($500 for non-Members)
  • Professional Liability coverage
  • General Liability written on an Occurrence Form
  • Simple 1 page worksheet allows quick quoting with minimal information
  • An "A" Rated, Admitted Insurance Carrier (no fees or taxes)
  • Blanket Waivers of Subrogation and Additional Insured
  • References available from over 350 satisfied customers of which 85 are members of PEI
  • Other lines of insurance can be quoted including Bonding, Automobile, Equipment, Property, etc.

 

Other Coverages We Provide:

  • Workers' Compensation
  • Commercial Auto
  • Commercial Umbrella
  • Payment and Performance Bonds
  • Contractors Equipment Floater
  • Installation Floater
  • Employment Practices Liability

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