GSR/Chaucer Energy Program
Control of Well / General Liability / Umbrella / Property Program for Energy Exploration & Production Companies based in the Americas.
Global Special Risks offers the E&P industry a multi-line product providing coverage for control of well, general liabilities, umbrella and property damage. The program targets operations based primarily on land, but can provide coverage for Area II wet locations.
CONTROL OF WELL
* In-house rating and binding
* Territory – North America and South America
* Limits up to US$20M (for 100%)
* Competitive Wording including “Pay on Behalf of”
Global Special Risks offers a bundled product in conjunction with their long standing alliance with Boots & Coots, the premier worldwide well control specialists. This program includes a single solution package of integrated emergency response services, general contracting in the event of a loss and “Pay on Behalf of”.
PHYSICAL DAMAGE
* Ability to package Property coverage with the Control of Well including coverage for oil lease property, pipelines, drilling and/or workover rigs
* ‘All Risk’ Form
* Competitive Form, Deductibles and Rates
* Including Removal of Wreck & Debris
GENERAL LIABILITY
* Available in conjunction with Control of Well or Monoline/Stand Alone
* Competitive Form
* Occurrence Form
* Covers other operations of the Insured outside their O&G Operations
* Time Element Pollution Coverage, including Voluntary Cleanup
* ‘Actions Over’ Coverage
UMBRELLA
* Limits up to US$10M (for 100%)
* Occurrence Form
* ‘Cross Liability’ coverage
* ‘Sunrise’ coverage available if coming off a Claims Made policy
Minimum Premium: $10,000 OEE / $7,500 GL
Security: Chaucer Syndicate 1084 (Lloyds, London)
The following GSR contacts can provide you with more information about this product:
Jonathan Smyth, New Orleans – smyth_jo@globalspecialrisks.com
Debbie Maddox, Dallas – dmaddox@globalspecialrisks.com
Lynn Lucas, Dallas – llucas@globalspecialrisks.com
Matt Begnaud, Houston – begnaud_ma@globalspecialrisks.com
Sam Veltri, Houston – Veltri_Sa@globalspecialrisks.com
