Optimize your total cost of risk with our custom coverage for downhole tools

Get the coverage you've been looking for, customized for your firm's unique insurance needs, only from Gallagher Energy Risk Services.

Developed exclusively for Canadian energy companies, our downhole tools coverage provides a cost alternative to competitor products, with significantly lower premiums (day rates), greater flexibility, higher available limits and deductibles as low as $25,000.

Downhole tools coverage highlights

  • Designed for Canada onshore operators
  • Flexible payment programs
  • Complimentary risk assessment and program design consulting
  • Dedicated local claims advocacy for efficient claims resolution
  • Up to CAD C$3 million limits are available
  • Policy form: All risks, broad form, agreed-upon value
  • Deductible options available

This unique solution allows you to pick and choose the tools you want to insure, including vertical, build, lateral, logging, drill stem test (DST), pipe and more.

Connect with our team today and learn more about how our custom risk management solutions can help you solve your complex energy industry challenges.

Disclaimer

Gallagher provides insurance, risk management and consultation services for our clients in response to both known and unknown risk exposures. When providing analysis and recommendations regarding potential insurance coverage, potential claims and/or operational strategy, we do so from an insurance/risk management perspective, and offer broad information about risk mitigation, loss control strategy and potential claim exposures. We have prepared this commentary and other news alerts for general informational purposes only and the material is not intended to be, nor should it be interpreted as, legal or client-specific insurance, financial or risk management advice. General insurance descriptions contained herein do not include complete insurance policy definitions, terms and/or conditions, and should not be relied on for coverage interpretation. The information may not include current governmental or insurance developments, is provided without knowledge of the individual recipient's industry or specific business or coverage circumstances, and in no way reflects or promises to provide insurance coverage outcomes that only insurance carriers control.