Hull and Machinery Insurance Policy
InSource Insurance specializes in working with oil and gas companies. Protect your business with a hull and machinery insurance policy.
As the oil and gas industry continues to change, your hull and machinery insurance policy must do the same to stay competitive. Because we specialize in the needs of oil and gas operators, drillers, and service contractors, InSource has the knowledge and experience to protect your business.
Rig Insurance
Are you aware of what your rig insurance covers? If you’re underinsured, your company could pay double what it should. With InSource rig insurance services, you are covered before, during, and after a disaster. Since rig accidents are not uncommon, the right protection is vital to keep your business safe.
Hull Insurance
Hull insurance is a policy designed to cover the expenses incurred due to ship damage, where the hull constitutes the main body of the ship. This also includes any functional fixtures attached to the hull. This policy covers vessels that operate on the ocean, lake, or rivers such as:
- Bulk Carriers
- Fishing Boats
- Ships
- Tankers
- Cruisers
- Jetties
- Wharfs
The policy prevents financial loss against machinery damage and destruction of the hull, fittings, liabilities, and more. The policy insures against:
- Destruction of Hull
- Damage to Machinery
- Disbursement Losses
- Ship-breaking Losses
- Fittings and Freight
Hull insurance covers third party liability such as losses or damages caused by your vessel to other vessels or injury to the ship workers.
Extensive Coverage for Your Equipment
InSource can help you cover the property and equipment that your business relies on, including the following:
- Onshore/Offshore Drilling Rigs
- Workover Rigs
- Offshore Platforms and Production Equipment
- Tanks
- Pumpjacks
- Crude Oil
- Pipelines and Gathering Systems
In the oil and gas industry, billions of dollars worth of equipment operates each day. You can rest assured that our team has the experience and partnerships needed to provide quality rig, hull, and equipment insurance options to keep the assets of your business protected.
Disaster Preparation
You cannot prevent disasters from occurring, but you can be prepared and have a backup plan for when they do strike.
Expert Insurance
Protect your business with the right insurance through InSource Insurance Group.
