Downhole Tool Insurance

Downhole Tool insurance covers the replacement cost of scheduled tools in the event they become irretrievably lost while below the rotary table. Coverage is available for limits up to $2,500,000, in conjunction with the Tool Rental Company’s In-House Buydown or without.

Coverage is available to Operators, Tool Rental Companies, Lenders, and more.

WHY U.S. RISK?

• Quick turnaround on quotes—usually within 24 to 48 hours
• Premium charged only while subject tools are BRT (below rotary table)
• High coverage limits $2.5 million per well
• Higher limits available via open market placement
• No claims bonus—10% discount at next renewal for no claims during past billing year
• Knowledgeable and experienced program leader with 23+ years in the industry

PROGRAM BENEFITS

• A+ rated security
• Flexible coverage terms
• Multiple coverage options
• Partial deposit payment