Downhole Tool Insurance
Iridium Risk Services provides specialized Downhole Tool Insurance designed for operators and service contractors, ensuring protection for owned or leased tools required under contract. With coverage limits of up to $3 million and the option to cover third-party fishing service costs, our policies offer full replacement cost value for losses.
Our insurance solutions are cost-effective and flexible, available on a well-by-well basis with discounts for multi-well programs and customizable deductible options. We provide a one-day turnaround on most quotations, backed by 28 years of expertise and a proven track record of nearly 100 settled claims.
Covered Tools Include:
- Collars
- Drill Bits
- Heavy Drill Pipe
- Jars
- Logging Tools
- Motors
- MWDs
- RSS
- Stabilizers
- Wireline & Coiled Tubing