Business Details
33 Years
experience
Emergency
services
Energy Insurance Risk Management Experts
At PT Risk Management, we have dedicated ourselves to helping energy businesses protect their profitability through comprehensive risk minimization strategies since 1993. Our approach combines ongoing assessments, educational resources, and tailored coverage solutions to prevent losses while securing optimal insurance policies. With founder Frank Thompson's 50+ years of industry experience, including hands-on roles in field inspection, underwriting, and claims management, we bring unparalleled expertise to propane, petroleum, and energy transportation sectors. Our proprietary 'Boots on the Ground' methodology delivers site-specific risk evaluations, while our 94% customer retention rate reflects our commitment to personalized service.We maintain 24/7 emergency support capabilities and hold Chartered Property Casualty Underwriter (CPCU) credentials, ensuring clients receive both technical excellence and practical risk mitigation strategies. Through quarterly assessments and contract reviews, we help businesses navigate evolving regulations while maintaining cost-effective coverage, as evidenced by 86% of new clients achieving lower premiums with enhanced protection.
Services
Propane Insurance
Petroleum Insurance
Energy Transportation Insurance
Commercial Auto Insurance
Underground Storage Tanks Insurance
Cyber Liability Insurance
Employment Practices Liability Insurance
Directors & Officers Liability Insurance
Workers Compensation
Bonding Services
Details
- Year established: 1993
Highlights and features
- 29 years of specialized experience in energy insurance risk management
- 86% of new clients receive lower rates with enhanced coverage
- 24/7 hotline manned by experienced professionals for emergency support
- On-site 'Boots on the Ground' inspections for thorough risk assessment
- Quarterly risk assessments and expert contract reviews included as standard
Associations and certifications
- Chartered Property Casualty Underwriters (CPCU)
What people say
Saved me money
Excellent service
Great ideas
Stayed legally covered
Peace of mind
Services
Propane Insurance
Specialized insurance solutions for propane businesses including marketers, wholesalers, and transport operators. Our coverage addresses unique risks associated with propane storage, distribution, and transportation. With declining market availability for LPG insurance, we provide access to approved carriers with deep industry expertise and financial stability.
Commercial Auto Insurance
Comprehensive protection for commercial vehicles used in energy transportation including bobtails, tank wagons, and employee-owned vehicles. Policies include liability coverage, MCS-90 endorsements, and compliance assistance for 24/7 operations. Our 24-hour hotline supports emergency response needs across all hours of operation.
Underground Storage Tanks Insurance
Regulatory compliance solutions for underground fuel storage facilities facing environmental scrutiny. Our policies cover leakage incidents, pollution cleanup, and state/federal regulation adherence. Specialized coverage includes protection for small leaks undetected by standard monitoring systems.
Cyber Liability Insurance
Risk mitigation for digital threats including data breaches, identity theft, and cyber extortion. Designed for energy businesses handling sensitive customer information and payment systems. Includes response protocols and financial protection against cyber incidents affecting business operations.
Bonding Services
Custom bonding solutions including fuel tax bonds, bid bonds, and performance bonds. Our services help energy businesses meet regulatory requirements and contractual obligations while maintaining financial flexibility. Expert guidance ensures compliance with industry-specific bonding regulations.
People
Frank Thompson
President
With 50+ years in energy insurance, Frank founded PT Risk Management in 1993 after managing Exxon Valdez cleanup operations. A Chartered Property Casualty Underwriter (CPCU), he specializes in risk assessment for propane and petroleum businesses, combining field experience with strategic coverage solutions.
Questions
What energy sectors do you specialize in?
We focus on propane, petroleum, and energy transportation sectors, providing tailored insurance solutions for marketers, distributors, and transport operators.
How do you help businesses reduce insurance costs?
Through our 'Boots on the Ground' assessments and quarterly risk reviews, we identify coverage gaps and risk factors that allow 86% of clients to secure better rates.
Do you offer 24/7 emergency support?
Yes, our 24/7 hotline provides immediate assistance for claims and emergency situations, staffed by experienced professionals ready to respond.
What value-added services do you provide?
We include expert contract reviews, quarterly risk assessments, compliance guidance, and on-site inspections to enhance risk management beyond standard insurance offerings.
How do you handle regulatory compliance?
Our team stays current with evolving state and federal regulations, providing guidance and coverage solutions that ensure compliance for underground storage tanks and transportation operations.
