OVERVIEW

Target Classes:

Specifically designed for North American land based Oil & Gas Lease Operations and Non-Operators

Coverage Features & Benefits:

Provides coverage for Operators Extra Expense (OEE), General Liability, and Umbrella

Operators Extra Expense (OEE):

• Up to $50M combined single limit
• Up to $15M limit for Care, Custody, & Control (CCC)
• Loss Prevention services
• Strategic relationship with Boots & Coots incorporating Loss Prevention Services and Post Event Services
  • Critical Well Assistance – Operators are eligible for up to 48 hours of free engineering assistance from Boots & Coots who will mobilize to the wellsite where necessary
  • “Pay on Behalf of” as opposed to an indemnity agreement
  • Approved/agreed invoices paid directly to vendor(s)
  • Invoice Compilation and Tracking
  • Pre-Approved vendors and pricing
  • Field Procurement and Logistics

General Liability:

• Pollution Clean-Up Costs Endorsement
• 30 day discovery / 120 days reporting period
• Including First Party clean-up costs
• Underground Resources & Property Damage included
• Hired & Non-Owned auto coverage available
• Limits $1M per occurrence / $2M aggregate

Umbrella:

• Full Follow Form including Pollution
• Excess can write over OEE, GL and other liability coverages
• Limit up to $25M

Target Classes:

Specifically designed for Worldwide Oil & Gas Lease Operators and Non-Operators both Onshore and Offshore who require significant risk management services.

Coverage Features & Benefits:

• Up to $75M Combined Single Limit, higher capacity available upon request
• Up to $15M limit for Care, Custody, and Control (CCC)

Strategic Partnership with Boots & Coots incorporating loss prevention and post event response services:

Loss Prevention:

• Wellsite audits – onshore & offshore including tubing, rig flow back, snubbing, workovers, completions, well head, and Frac
• Risk assessments
• Emergency Response Plans
• Well Control contingency plans
• Well plan reviews
• Critical well assistance – Up to 72 hours of free engineering assistance from Boots & Coots who will mobilize to the wellsite where necessary

Loss Response:

• “Pay on Behalf of” as opposed to an indemnity agreement
• Equipment procurement and logistics
• Pre-approved vendors and pricing agreements
• Blow-Out management team mobilized with one phone call
• Invoice compilation and tracking
• Direct invoice payment to vendors and underwriters

GSR is dedicated to providing our agent partners superior claims service for all client claims-related activities.

Our Claims department is located in our main office in Houston. We are available to work alongside our agent partners in all aspects of the claims process including:

• 1st Notice of Claim Reporting
• Ongoing status of Open Claims
• Work directly with our Underwriters for any coverage discussions
• Act as a single point of contact for the entire claim settlement process