Downhole Equipment Insurance – Cover Your Stuck or Lost Downhole Tools
Iridium Risk Services is an industry leader in providing risk management advice and insurance solutions to companies operating in the energy sector. Servicing energy clients is our specialty and in listening to them, we’ve created a Downhole Equipment Insurance program that provides coverage for not only the expensive stuck or lost Bottom Hole Assembly, but also the incurred third party fishing costs in an effort to retrieve them.
Some of the benefits of this program include:
- Option for operators to cover third party fishing service costs – NEW!
- Competitive premiums and deductibles
- One-day turnaround time on most quotations
- Discounts for multi-well programs
- Coverage available for wireline logging equipment
- Losses paid at Full Replacement Cost Value
- Coverage up to $1,200,000 available
- More than 10 scheduled tools