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.
COMPREHENSIVE INSURANCE PROTECTION
- Coverage for Operators and Service Contractors
- Protects owned/leased tools that must be insured under contract
- Coverage option for Operators to cover third-party fishing service costs – NEW!
- Losses paid at Full Replacement Cost Value
- Coverage up to $1,000,000 available
COST EFFECTIVE AND EXCEPTIONAL SERVICE
- Coverage available on a well-by-well basis
- Discounts for multi-well programs
- One-day turnaround time on most quotations