Oilfield Services Insurance
Inland Marine Insurance
for Oilfield Services
The expensive, specialized tools used in oilfield services — wireline equipment, coiled tubing units, measurement tools — move constantly between locations and are at risk of loss and damage at remote sites. Inland marine provides mobile coverage for this equipment regardless of where it is.
Industry-Specific Insight
Why Oilfield Services Businesses Need Inland Marine Insurance
The expensive, specialized tools used in oilfield services — wireline equipment, coiled tubing units, measurement tools — move constantly between locations and are at risk of loss and damage at remote sites. Inland marine provides mobile coverage for this equipment regardless of where it is.
Coverage Details
What Inland Marine Insurance Covers
Key protections included in a inland marine policy for oilfield services operations.
FAQs
Common Questions from Oilfield Services Businesses
Does inland marine cover oilfield tools in a wellbore?
Downhole tool fishing and retrieval losses may be addressed by a specialized oilfield tool policy or endorsement. Standard inland marine covers surface equipment. Discuss your specific tools with your agent.
Can we insure a coiled tubing unit under inland marine?
Yes. Specialty surface equipment like coiled tubing units, nitrogen pumpers, and pressure pumping equipment can be scheduled on an inland marine/contractors equipment policy.
How is inland marine different from commercial property?
Commercial property covers your business assets at a fixed location. Inland marine extends coverage to property that moves or is used at various locations. If your tools, equipment, or valuable property travels with you or your team, inland marine fills the coverage gaps.
Does inland marine cover equipment rented to others?
It can — some inland marine policies cover equipment that your business rents to others. This is sometimes called equipment rental coverage or equipment lessor coverage. A licensed agent can explain what's available for your specific situation.
Complete Coverage
Other Coverages Oilfield Services Businesses Commonly Need
A complete protection plan for oilfield services operations typically includes several complementary coverages.
Oilfield Services · Inland Marine
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