The South Central offices of All Risks, Ltd. have designed a “down hole specialty rental tool” insurance product for Lost In Hole (LIH). This coverage is available to oil & gas drillers and operators as well as rental tool companies. All Risks’ South Central Operations can provide energy wholesaler services to retail insurance agents in Texas, Arkansas, Louisiana, Oklahoma and Kansas.
This Specialty Down Hole Tool (LIH) product enables contractors to purchase additional insurance limits for rented measure while drilling (MWD) and logging while drilling (LWD) tools. Premiums are charged and coverage is triggered only while tools are below the rotary table. All Risks can issue a single annual policy, allowing a client to schedule tools as rented, while paying premium on a monthly reported basis.
All Risks, Ltd., based in Hunt Valley, Md., is a national independent wholesale brokerage firm offering insurance products with a full service platform of brokerage, contract binding, exclusive national programs and specialty personal lines products for retail insurance agents and brokers nationwide. All Risks has offices located in Maryland, Arizona, California, DC, Florida, Georgia, Illinois, Louisiana, New York, North Carolina, Pennsylvania, Texas, Virginia and Washington.
Topics Trends Agencies New Markets Energy Oil Gas
Was this article valuable?
Here are more articles you may enjoy.
Rotting Apple: Berkley Explains Property Market, Company Appetite 
The Future of the Agency in a World of AI 
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry 
GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud 
