Property Coverage

Control of Well
Policy is designed to pay costs involved in controlling a well out of control; redrilling a well to the depth reached prior to the wellbeing out of control; costs for clean-up and containment & damages due to contamination and pollution. Coverage also afforded for legal liability and contractual assumption for damage to property in your care, custody or control and subject to policy conditions and exclusions

Marine Cargo
Protects the insured from those risks attached from the time cargo becomes at the assured’s risk or responsibility and continues while cargo is in transit until final delivery to intended destination and/or until the assured’s responsibility ceases, whichever comes first.

Commercial Property
Insures against “all risks” of direct physical loss to described buildings, office contents, electronic equipment and components own by, leased to or in the control of the insured. Policy may also include coverage for loss to valuable papers at schedule location and policy pays for the costs of reproduction of documents. This policy does not cover equipment at an oil lease site.

Oil Lease Property
Insures against “all risk” physical loss damage to scheduled property that is located at an oil lease site (example: compressors, separators, filters, tank battery, etc.)

Boiler & Machinery
Policy covers damage caused by: mechanical breakdown, including rupture or bursting by centrifugal force; explosion of steam boilers, steam pipes, steam engines, or steam turbines; and artificially generated electrical current including electrical arcing.

Gas Plant Physical Damage
Insures against “all risk” physical loss or damage to scheduled property subject to specific exclusions.

Pipeline Physical Damage
Insures against “all risk” physical loss or damage to scheduled property per the policy conditions.