OVERVIEW

Target Classes:

Specifically designed for U.S. land based Oil & Gas Lease Operations and Non-Operators

Coverage Features & Benefits:

Provides coverage for Operators Extra Expense (OEE), General Liability, Umbrella & Gradual Pollution

Operators Extra Expense (OEE):

• Up to $10M 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
  • “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:

• S&A 30 day discovery/120 days reporting period
• Pollution Clean-Up Costs Endorsement
• Underground Resources & Property Damage
• Hired & non-owned auto coverage available
• Limits $1M per occurrence/$2M aggregate

Umbrella:

• Full follow form including S&A Pollution
• Excess can write GL and other liability coverages
• Limit up to $25M

Gradual/Site Pollution:

• Limits up to $10M
• Minimum premium $30,000
• Excess DUC of underlying sudden and accidental coverage
• Includes catastrophe management cost endorsement

Target Classes:

• Oil & Gas lease operators and non-operators
• Geothermal operations
• Worldwide territory
• Clients who may 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:

• Critical well assistance – Up to 72 hours of free engineering assistance from Boots & Coots performed either remotely or in person at the wellsite depending upon incident severity
• Wellsite audits – onshore & offshore including tubing, rig flow back, snubbing, workovers, completions, wellhead, and Frac
• Risk assessments
• Emergency Response Plans
• Well Control contingency plans
• Well plan reviews
• Other tailored services as may be requested by the client

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