A contractor moves a rig to a new site. The operator’s contract introduces insurance conditions that the existing equipment schedule may not address.
Why the details matter
Complex operations deserve a clear starting point. Explore the protection questions behind rigs, equipment, and the people who keep them moving. The useful starting point is a description of what happens in practice: who is involved, where the activity happens, and which agreements or responsibilities sit behind it.
Three questions to take with you
- Which onshore or offshore operations, territories, and subcontractors are declared?
- How do pollution, well-control, and care-custody-control exclusions affect the operation?
- What values, deductibles, and loss-of-use terms apply while equipment is in transit?
Get the information together
Use current information. If a value, location, activity, or arrangement has changed, point that out rather than relying on the previous policy’s description.
- Operations summary and site locations
- Equipment schedule with replacement values
- Operator contracts and insurance requirements
- Safety programmes and maintenance records
- Loss history and subcontractor arrangements
Read the answer alongside the policy
A general explanation or a certificate may leave important questions unanswered. Ask which wording applies to the specific situation, what is excluded, and what you would need to do if something happened.
Before agreeing to cover
Confirm the named people or entities, start date, territory, limits, deductibles, reporting requirements, and total cost. Keep the proposal and answers for your records. Only the appropriately licensed provider can confirm an offer and arrange the policy.
Open your preparation checklist →