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Rig and Hull Insurance

At InSource Insurance, we specialize in working with oil and gas companies, which includes Rig and Hull insurance as well.

As the oil and gas industry continues to change, your insurance must do the same to stay competitive. InSource understands the needs of our clients and continues to progress along the way as well. Because we specialize in the specific needs of oil and gas operators, drillers, and service contractors, InSource has the professional knowledge and experience that gives you and your business the protection it needs and deserves.

Rig Insurance

Are you aware of what your Rig insurance covers? If you are underinsured, your company could pay double of what it would cost for valuable monthly insurance. With Insource Rig insurance services, you will be covered before, during, and after a disaster strikes. Since rig accidents are not uncommon, the right protection is vital to keep your business safe, without suffering detrimental expenses.

Hull Insurance

This specific type of insurance protects hull and machinery against physical damage to ships or vessels and the machinery that is apart of them. Insuring your crude during transport is just as important as ensuring tanks on inland. InSource provides cargo coverage, spillage, and repairs to your vessel when disasters occur. To ensure safe transportation and delivery of cargo, we highly advise that ship owners purchase hull insurance.

You cannot prevent disasters from occurring, but you can be prepared and have a backup plan for when they do strike.

Equipment covered can include the following:

  • Onshore/ Offshore Drilling Rigs
  • Workover Rigs
  • Offshore Platforms Production Equipment
  • Tanks
  • Pumpjacks
  • Crude Oil
  • Pipelines & Gathering Systems

In the oil and gas industry, there are billions of dollars’ worth of equipment operating in and off the field each day. However, you can rest assured that our team members have the experience and partnerships necessary to provide a diverse offering of quality rig and hull insurance. Call InSource today to speak with a risk management professional and see what oil and gas property coverage options are available for your company.

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