Specialized & Comprehensive Cost-Effective Insurance

EIR Insurance

Industry created. Industry backed.

CPIX manages the Energy Insurance Reciprocal (EIR) - a non-profit program created by and for Canada’s energy companies to provide comprehensive, cost effective insurance and stable, long-term rates. EIR benefits hundreds of Canadian energy companies that invest annually in EIR insurance coverage.

If you’re a Canadian energy company, EIR insurance can help you control your insurance costs with three broad types of coverage customized to meet the needs of upstream explorers, producers and operators.

Enhanced Business Insurance

In addition to EIR coverage, CPIX offers Canada’s energy companies a full suite of specialized coverage for added business and personal protection:

Directors & Officers Liability
Protects corporations and the assets of Directors and Officers. Ensures unexpected legal costs won’t affect operations or cash-flow. Covers expenses arising from claims, investigations, legal defence, proceedings, settlements, judgements, damages and appeals.

Commercial Vehicle
Covers damage to insured company vehicles and liability for property damage or bodily injury to third parties.

Client Quote

“We found there were several compelling reasons to move our insurance to CPIX:

Lowest cost – e.g. the CPIX quote was about half on a per meter basis to what we had paid the prior year for OEE
Best references – when asked about CPIX all CFO’s contacted were positive not only about the quote and premium issues, but even more importantly about claims for losses
Industry specific – CPIX exists to serve oil and gas companies and has become expert on the needs and issues of this industry

Steve Glover
Vice President of Finance & CFO
Eagle Rock Exploration Ltd.