NAICS UNIVERSITY · Free research for insurance agents
Petroleum Refineries
NAICS 324110 · United States · 2022 edition
This industry comprises establishments primarily engaged in refining crude petroleum into refined petroleum. Petroleum refining involves one or more of the following activities: (1) fractionation; (2) straight distillation of crude oil; and (3) cracking.
Start the review with fire and explosion.
For Petroleum Refineries, the saved research highlights fire and explosion, equipment breakdown, environmental and pollution liability. Confirm how these arise in the actual operation, what controls are used and whether additional services change the proposed coverage.
Questions to ask
- What is the total insurable value of the facility, including equipment, structures, and inventory?
- Does the facility have a formal Process Safety Management program, and when was it last audited?
- What is the facility's environmental compliance history, including any active remediation sites or regulatory orders?
- How is cyber security managed for industrial control systems and SCADA infrastructure?
- What is the estimated maximum daily production value for business interruption purposes?
- For Petroleum Refineries, what should the underwriter know about poor process safety management (psm) program documentation or prior osha psm citations?
- For Petroleum Refineries, what should the underwriter know about history of significant environmental releases, spills, or regulatory enforcement actions?
- For Petroleum Refineries, what should the underwriter know about aging infrastructure with deferred maintenance or extended intervals between turnarounds?
Activities described by this code
Other activities to examine
- Manufacturing asphalt paving, roofing, and saturated materials from refined petroleum: 32412 — Asphalt Paving, Roofing, and Saturated Materials Manufacturing
- Manufacturing paper mats and felts and saturating them with asphalt or tar into rolls and sheets: 322120 — Paper Mills
- Blending or compounding refined petroleum to make lubricating oils and greases and/or re-refining used petroleum lubricating oils: 324191 — Petroleum Lubricating Oil and Grease Manufacturing
- Manufacturing biofuels blended with purchased refined petroleum: 324199 — All Other Petroleum and Coal Products Manufacturing
- Manufacturing biofuels not blended with refined petroleum: 325199 — All Other Basic Organic Chemical Manufacturing
- Manufacturing synthetic lubricating oils and greases: 325998 — All Other Miscellaneous Chemical Product and Preparation Manufacturing
- Recovering natural gasoline and/or liquid hydrocarbons from oil and gas field gases: 211130 — Natural Gas Extraction
- Manufacturing acyclic and cyclic aromatic hydrocarbons (i.e., petrochemicals) from refined petroleum or liquid hydrocarbons: 325110 — Petrochemical Manufacturing
- Manufacturing cyclic and acyclic chemicals (except petrochemicals): 32519 — Other Basic Organic Chemical Manufacturing
- Manufacturing coke oven products in steel mills: 331110 — Iron and Steel Mills and Ferroalloy Manufacturing;
- Manufacturing coke oven products in coke oven establishments: 324199 — All Other Petroleum and Coal Products Manufacturing
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
Petroleum refineries process crude oil into refined petroleum products — gasoline, diesel, jet fuel, heating oil, lubricant base stocks, and petrochemical feedstocks — through fractionation, distillation, cracking, and related thermal and catalytic processes. Operations involve continuous high-temperature, high-pressure processing of highly flammable hydrocarbons across large, complex industrial facilities with significant fixed equipment, pipelines, and storage tank infrastructure.
Questions to investigate
- What is the total insurable value of the facility, including equipment, structures, and inventory?
- Does the facility have a formal Process Safety Management program, and when was it last audited?
- What is the facility's environmental compliance history, including any active remediation sites or regulatory orders?
- How is cyber security managed for industrial control systems and SCADA infrastructure?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.