There are numerous benefits associated with being a shareholder of OCIL.
Coverage
OCIL provides its insured’s with excess insurance covering Property, Liability, Directors & Officers, Employment Practices, and Fiduciary liability.
Energy Industry Focused
Only energy companies qualify for being a shareholder.
Consistency
Underwriting is intended to be uniform for both shareholders and non-shareholders insureds in order to ensure equity for all policyholders.
Financial Security
Substantial capital resources, 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.