Take advantage of HUB’s innovative Downhole Tool Insurance program. It’s one-of-a-kind protection that:
- Enables you to purchase additional insurance limits for rented MWD and LWD tools,
- Shifts the risk of losing tools to the Downhole Specialty Tool Insurance Program,
- Provides an additional 25% to 40% insurance limit of the tool's Replacement Cost Value when paired with the typical 50% limit offered by the tool rental company,
- Charges premiums and provides coverage ONLY while scheduled tools are Below Rotary Table, and
- Issues a single, annual policy, allowing the insured to schedule tools as rented, while paying premium on a per well basis.
- Allows for one-time reinstatement of original coverage after first loss, subject to underwriting conditions
Note: Day Rates vary based on BHA value and limits of insurance your select.
DHT Program underwriting provided through HUB International's parternship with AllRisks & Lloyds of London.
To learn more, contact
Mark R. Tammariello, J.D.