9 min read
Control of Well Insurance: What It Is and Why It Matters
In the oil & gas industry, even a seemingly minor incident like a leak or partial loss of well control can trigger significant…
Key Takeaways:
As other carriers pull back their Control of Well coverage, Kinsale consistently offers your accounts the coverage they need, when they need it.
Our Energy team provides comprehensive Control of Well coverage, specializing in middle market Energy companies, including lease operators, non-operators with working interest, drilling contractors, and well-servicing or workover contractors.
Here are a few of the accounts we’ve helped recently:
|
Our Control of Well coverage includes up to $5M in total policy limits to help cover costs associated with:
|
|
Risk Type |
Well Schedule |
Limits |
Premium |
|
Oil & Gas production |
Three drilled wells |
$1M |
$10,830 |
|
Oil & Gas exploration & production |
Operator of 3 shut-in wells & non-operator |
$4M |
$13,000 |
|
Lease operator – |
Operating 2 new wells |
$2M |
$10,000 |
The last thing you ever want to say to an account is, “Sorry, that coverage is just too hard to find.”
Count on Kinsale for a broad and consistent Energy appetite, including Control of Well and our complementary Oil Lease Property product.
In the oil & gas industry, even a seemingly minor incident like a leak or partial loss of well control can trigger significant…
NEW from Kinsale: Excess Auto Liability for Non-Emergency Transport Key Takeaways: We’ve expanded our Excess Auto appetite to include non-emergency transport services Coverage…
The Search is Over! Schedule GL Alongside PL for Your Excess Professional Accounts Key Takeaways: Schedule primary Professional Liability (PL) & General Liability…
