Business Interruption
To limit loss of earnings due to business interruption, most companies obtain insurance coverage to compensate them for the inherent financial consequences. Business Interruption is an exposure common to all businesses regardless of type or size. Loss of critical functions caused by natural or manmade hazards such as terrorism, fires and explosions, earthquakes, windstorms, bomb threats, hazardous waste spills, workplace fatalities, and product tampering, among others, can impact your company’s ability to operate.
Contingent Business Interruption
Similar to Business Interruption coverage, Contingent Business Interruption provides protection when your business relies heavily on one source and that source suffers a loss of critical functions caused by natural or manmade hazards such as terrorism, fires and explosions, earthquakes, windstorms, bomb threats, hazardous waste spills, workplace fatalities, and product tampering. This loss may impact your company’s ability to operate without the use of that source.
Plugging & Abandonment Liability
Designed to offset major up-front costs associated with placing bonds and/or LOCs in relation to the estimated P&A exposure. Allows purchaser the opportunity to place money into an experience account that funds an insurance policy acting as an over-run layer.
Specialty Tools Coverage (including down hole equipment)
Policy pays those sums insured is legally obligated to pay for loss or damage to specialty drilling equipment which has been leased to or rented to insured for drilling a “horizontal” or directional oil or gas well.
International Risks
Provides coverage for legal liability due to bodily injury or property damage caused by an occurrence resulting from the insured’s operations outside the U.S. or Canada. Foreign Workers Compensation and Employers Liability includes standard employee protection along with repatriation expenses.
Internet Liability
Anyone with a Web site now has the legal liabilities of a publisher and your exposures are unique. Internet Liability Insurance has been specifically developed to address the emerging Internet liability exposures of privately owned companies. Privately owned companies that venture onto the World Wide Web face liability exposures that are emerging, evolving and complex.
Aircraft Liability
Policy affords coverage for claims Insured is legally obligated to pay because of bodily injury or property damage arising out of the ownership or operation of an owned or non-owned aircraft.
Products Liability
Unique liability challenges exist for businesses in relation to the manufacture, sale, and distribution of products in the oil & gas industry. This includes warranty issues relating to the performance of the products.
Professional Liability
This coverage protects engineers, geologists, or other professionals against errors or omissions in services performed for other than their employer.
Trade Credit
Help companies manage the risk of customers’ insolvency or payment default. With trade credit insurance, companies can increase sales growth by extending additional credit to approved customers and new buyers, while reducing the risk of nonpayment. In addition, companies can also benefit from more favorable bank financing by assigning the insured’s accounts receivables as collateral.
Terrorism
To indemnify insured for any loss with respect to any certified act for political or terrorist purposes.
Ranch & Farmland Liability
Policy affords legal liability protection by agreeing to pay and defend against claims by third parties based on bodily injury and property damage on scheduled land.
