So you have a well servicing company. Great! But do you understand control of well? This phrase refers to not only the technical management of well pressure during drilling but also the insurance coverage necessary for regaining control of a well that has gone out of control and caused a blow out. Blowouts can damage your equipment and are bad for the environment. With that in mind, you need to understand well insurance and what it means for your well servicing company. 

What It Is, What It Does For You 

What your well servicing company needs is a customized insurance program that covers environmental, operational and contractual risks so that you are able to work without any interruption and meet the requirements of your clients. You of course know this is a hazardous work environment and your clients tend to work with strict contracts. There will certainly be environmental compliance requirements you have to follow. And let’s face it, stuff happens. Before something unfortunate happens, it would be prudent to have coverage for risks such as vehicle accident, worker injuries, contamination, property damage or contractual penalties. You need well insurance to cover incidentals such as liability, worker’s compensation, equipment breakdown, property, commercial auto and perhaps more. You may want to look into other programs as they pertain to your operation. Do keep in mind that the at-will employment law in Texas does not prevent lawsuits so you need EPLI. You may or may not be required to have pollution liability insurance, but it’s always good to err on the side of caution. If you consult with a well servicing insurance specialist, they will help you assess your risks and contact needs to get just the right policy for you. 

Barry Insurance Group serves the Pearland, TX area and is glad to help.