Drilling Contractors

We can offer comprehensive coverage solutions to support the unique insurance needs of drilling contractors, and  understand the risks associated with drilling companies that are hired by operators to perform drilling operations on a well site. These companies need proper insurance protection for their employees as well as their equipment and physical assets. Travelers also has deep knowledge of the risks drillers can face and can help them anticipate and prepare for what could happen so they can improve safety programs, reduce costs and keep operations running smoothly.

See below to read more about how Travelers can help protect drilling contractors.

Key Coverages:

General Liability & Umbrella Coverage >
Contractor's Equipment Coverage >
Control of Well Coverage >
Rig Physical Damage Coverage >
Workers Compensation Coverage & Services >
Auto Coverage >
Inland Marine Coverage >
Management Liability, Crime, Kidnap & Ransom Coverages >
Surety Bonds >
Cyber Liability Coverage >

Commercial General Liability & Umbrella Coverage

• Pollution BI/PD coverage
• Blanket additional insured options
• Contractual liability coverage
• Additional Resources:
      – Commercial General Liability
      – Commercial General Liability & Umbrella Checklist

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Contractors Equipment Coverage

• Coverage features:
      – Scheduled equipment on the policy or in a separate schedule on file with us
      – Unscheduled equipment you own or have in your care
      – Unscheduled equipment you lease or rent from others
      – Newly acquired equipment
      – Pollution cleanup and removal
• Enhancements included in coverage:
      – No weight or load exclusion
      – No exclusion for collapse or collision of booms
      – No flood exclusion
      – No earthquake exclusion
      – No coinsurance
• Available coverage options:
      – Waterborne equipment
      – Limited underground coverage for leased or rented down-hole pressure tools
      – Automobile or similar vehicle extension
• Additional Resources:
      – Contractors Equipment Protection

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Control of Well Coverage

• Drilling Contractor or Contract Operator as Insured endorsement
• Turnkey Wells – Drilling Contractor or Contract Operator
• First Sign of Trouble Endorsement
• Casing Repair or Replacement coverage
• Care, Custody and Control Amendment
• Control of Well Limits up to $40 million
• Additional Resources:
      – Care, Custody & Control
      – Casing Repair & Replacement Endorsement
      – First Sign of Trouble Endorsement
      – Well Control Free Call

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Rig Physical Damage Coverage

• Coverage for newly acquired property
• Pollutant clean-up and removal
• In-hole salvage expenses
• Covers the following types of equipment:
      – Well-servicing, well-drilling or well-workover rigs and equipment, as well as scheduled vehicles;
      – Machinery, tools, appurtenances, derricks and substructures; and
      – Similar property of others in your care, custody or control
• Additional specialized coverage options:
      – Suspension (“layup”) coverage offers a reduced premium for rigs and equipment that are not in use
      – Flood or earthquake coverage
      – Replacement cost coverage without deduction for depreciation
      – Agreed value coverage can provide up to the dollar value of the policy agreed upon by you and Travelers for a total loss
• Additional Resources:
      – Rig Physical Damage Coverage

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Workers Compensation Coverage & Services

• Multi-state exposures capability
• Safety programs
• No minimum premium requirement
• Extensive preferred provider networks with a presence in all 50 states
• Pharmacy network
• Focus on early intervention
• Medical case management
• Return-to-work programs
• Medical cost containment
• Industrial hygiene/occupational disease risk control specialists
• Additional Resources:
      – Workers Compensation
      – Travelers Medical Advantage

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Auto Coverage

• Auto liability
• Physical damage protection
• Fleet coverage
• Countrywide availability
• Additional Resources:
      – Business Auto Coverage

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Inland Marine Coverage

• Insurance products for operations involved with fixed and mobile property of all types including:
      – Transportation of domestic cargo
      – Computer systems
      – Accounts receivable
      – Valuable papers and records
      – Miscellaneous property
      – Contractors Equipment: 
          · Scheduled or unscheduled
          · Leased or rented
          · Newly acquired
• Additional Resources:
      – Inland Marine & Crime Coverage
      – Contractors Equipment Coverage

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Management Liability, Crime, Kidnap & Ransom Coverages

• Crime
• CyberRisk
• Private Company Directors & Officers
• Private Partnership Liability
• Employment Practices Liability
• Fiduciary Liability
• Identity Fraud Expense Reimbursement
• Kidnap & Ransom
• Additional Resources:
      – Crime
      – CyberRisk
      – Private Company Directors & Officers
      – Employment Practice Liability
      – Fiduciary Liability
      – Identity Fraud Expense Reimbursement
      – Kidnap & Ransom

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Surety Bonds

• Commercial Surety Bonds
• Contract Surety Bonds
• Additional Resources:
      – Commercial Surety Bonds
      – Contract Surety Bonds

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Cyber Liability Coverage

Cyber insurance solutions tailored to fit your business needs:
• For private, nonprofit, public or technology companies
• Network and information security liability
• Communications and media liability
• Technology errors and omissions
• Available as part of a package or as a standalone policy
• Additional Resources
      – CyberFirst for Technology Companies
      – CyberRisk

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Risks Ahead - Risk Control Services

Risk Control Services

Master risk for a competitive advantage

Learn more >

Claim Management

Broad expertise to help customers get back to business quickly

Learn more >

Questions?

For more information about insurance products and services for the exploration and production industry, contact Travelers.

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