Control of Well

Providing unique coverages for Operator’s Extra Expense (Control of Well) for upstream oil and gas accounts across North America.

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Our exclusive in-house program provides unique coverages for Operator’s Extra Expense (Control of Well) for upstream oil and gas accounts across North America. Regaining control of a well can be an expensive process, including pollution, clean-up, re-drilling, and restoring the well back to operation.

 

Coverage

  • Control of Well Coverage
    • Re-drilling Expense
    • Sudden & Accidental Seepage, Pollution & Contamination including removal
    • Care Custody and Control including Unsound Location
    • Underground Blowout
    • Evacuation Expense
    • Deliberate Well Firing
    • Making Well Safe
    • Earthquake buy-back option available
  • Non-Admitted Policy for broader coverage and flexibility 

 

Availability

U.S. (national) and Canada

 

Limits

  • $30,000,000 – Any one declaration in respect of Cost of Control and Extra Expenses
  • $5,000,000 – Care, Custody, or Control sublimit
  • Higher limits available on a facultative basis and with prior approval

 

Minimum Premium

Starts at $5,000

 

Security Ratings

  • A (Excellent), A.M. Best
  • A+ (Strong), Standard & Poors

 

Requirements

  • AmWINS Control of Well application
  • Drilling and producing well schedule