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Pearland, TX, is home to various energy production companies that rely on the use of oil and gas to conduct their businesses.
Learn what control of well insurance is and if your company needs it in the introductory guide to control of well insurance from Barry Insurance Group, serving Pearland, TX.
What Is Control of Well Insurance?
Control of well insurance is a special form of insurance that financially protects policyholders from incidents that happen at drilling sites or wells. If drilling results in a blowout where the flow of oil or gas can become uncontrollable, the costs of stopping the flow can be extremely high.
Specialized insurance helps policyholders regain control of wells by shouldering some of the costs related to stopping the flow of oil or gas from wells, cleaning up spills, and related expenses. Companies unprepared to cover the steep costs of these expenses can quickly find themselves going under.
Control of well insurance can cover:
- Regaining control of a damaged or blown-out well
- Well cleanup and pollution control
- Drill and equipment damage
- Loss of production hours
- Emergency response
Do You Need Control of Well Insurance?
The best way to find out if you need control of well insurance is to discuss the needs of your business with an insurance expert. A trusted control of well insurance professional can explain available coverages, offer you a customized quote, and help you start or upgrade your control of well insurance policy.
Don’t wait until it’s too late and you see your hard-earned profits going out the window. Be proactive by contacting a control of well insurance agent at Barry Insurance Group, serving Pearland, TX, and learn how to protect your business investment.