We can arrange cover for all risks of physical loss or damage to drilling and / or workover equipment which a client owns or is legally liable for.

The coverage we can place includes:

• Sue and labour and removal of wreck
• Strikes, riots and civil commotion and political risks
• Acts of terrorism

The minimum details required to offer a premium indication are as follows:

• Full description of the drilling unit including design and age
• Value (replacement cost)
• Five year loss record (with details of deductibles applicable to such losses)
• Operating location and details of any planned moves (distance, conveyance etc)
• Sight of any recent surveys
• Details of owner, including management experience, other operations, maintenance and safety procedures
• Expiring markets, terms and conditions (if available)