Add-ons for Well Control Insurance
When you come to Barry Insurance Group for well control insurance for your Pearland, TX exploration or extraction business, you expect and deserve an insurance policy that provides precisely what your business needs. That is why we offer numerous add-ons to your well control policy.
You need to cover more than just the blowout itself. When you lose control of your well through a blowout, your business will likely experience many other problems related to the spill. The extreme combustibility of oil and gas can result in a fire or explosion. This can harm your employees and damage your rig. The blowout itself causes seepage and oil puddling, which harms the environment. You must pay for the environmental cleanup. You’ll need to restore your well to working order, and this might require redrilling.
Depending on the location of your well, you might need to increase your coverage for pollution cleanup. Off-shore operations require added insurance coverage. These off-shore operations also require added coverage for redrilling and restoration.
Increasing the workers’ compensation coverage tied to your well control policy also makes logical sense. Your employees could incur life-altering injuries during a blowout. You show your value as an employer by fully protecting them.
During a blowout, you won’t be able to operate your well. Adding business interruption coverage to your well control policy package protects your overall business from the loss of production.
It is also good to add to your commercial general liability component. This insurance in your overall commercial package works with your well control insurance to ensure that if you experience a blowout at one of your wells, a lawsuit from an injured employee, vendor, or innocent bystander won’t put you out of business.
Contact Barry Insurance Group, serving Pearland, TX, to obtain the well control policy you need to protect your oil and gas business.