There are numerous benefits associated with being a shareholder of OCIL.
Coverage
OCIL provides insurance covering Property, and Excess Liability
Energy Industry Focused
Only eligible energy companies qualify for being a shareholder.
Consistency
While many traditional insurance companies amend their risk apetite routinely, OCIL endeavors to provide consistant and reliable limits.
Financial Security
Capital adequacy, ceded reinsurance and an effectively managed investment portfolio assure members of the Company’s continuing ability to pay catastrophic losses.
Continuity
Ownership by the energy industry assures customers of the continuing long-term availibility of coverage.
Policyholder Input
Shareholders have an unusually high degree of imput into policy wording and major initiatives.
Efficiency
One of the keys to OCIL’s success is its operating efficiency, which is unchallenged by large multi-line commercial insurers.
Commitment
OCIL is a member-owned insurance company with no independent owners.