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AIG Oil Rig - Enhanced Oilfield Services Insurance |
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Overview
AIG Global Marine and Energy, through its AIG Global Energy Casualty and AIG Oil Rig Divisions, is offering enhanced Oilfield Services Insurance. This suite of coverages is designed specifically for independent oil and gas clients to help them stabilize overall insurance costs and address the growing risks they face. Coverage offered specifically through AIG Oil Rig includes control of well, land rig physical damage, contractor's equipment, and oil lease property physical damage. AIG Oil Rig has over 35 years of experience as an industry leader in providing insurance products and services that address the needs of the oilfield services industry.
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Features
-Control of well, including:
- Restoration/Redrill
- Sudden and Accidental Seepage and Pollution
- Underground Blowout
- Evacuation Expense
- Joint Venture Contingent Liability
- Deliberate Well Firing
- Care Custody and Control
-Limits up to:
- $20 million CSL per occurrence in central and western U.S.
- $10 million CSL per occurrence in Gulf Coast region
- Land Rig Physical Damage including storage, transit, and operational exposures; limits up to $20 million per occurrence
- Oil Field Contractor's Equipment Physical Damage including storage, transit, and operational exposures; limits up to $10 million per occurrence
- Oil Lease Property; limits up to $10 million per occurrence
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Customer Profile
Oil and gas land-based lease operators, independent producers, non-operators (working interest), drilling contractors, well-service and work-over contractors.
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Submission Requirements
For complete submission requirements, contact please email scott.barnard@aig.com, or call 713-342-7328.
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Last Updated
June 23, 2008 5:12 PM
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AIG.com
