OEE / CONTROL OF WELL2021-10-18T09:09:52-05:00

OVERVIEW

E&P clients require balance sheet protection for the exploratory and developmental wells they drill. GSR provides insurance products and engineering support services that deliver this protection.

Target Classes:

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

Coverage Highlights:

Provides coverage for Operators Extra Expense, General Liability, Umbrella, and Gradual Pollution

Operators Extra Expense (OEE):

  • Up to $10M combined single limit
  • Up to $5M limit for Care, Custody, & Control (CCC)
  • 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 well site
  • “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 $10M

Gradual/Site Pollution:

  • Limits up to $10M
  • Minimum premium $30,000
  • Excess & DIC of underlying sudden and accidental coverage
  • Includes catastrophe management cost endorsement
The description of this program is only a summary of available coverages. Actual policy language will dictate the scope of coverage in the event of a claim. Agents should read the full policy form and any applicable endorsements for full terms and conditions and should encourage their policyholders to do the same.
Some of the services and features described herein are provided by or in combination with Boots & Coots. Boots & Coots is a service line of Halliburton Energy Service Inc. an independent third party. Global Special Risks, LLC and its affiliates assume no liability for any products or services provided by this party.
Global Special Risks, LLC, is a Texas limited liability company based in Texas. Global Special Risks, LLC, is a subsidiary of RSG Underwriting Managers, LLC, which is a subsidiary of Ryan Specialty Group, LLC (RSG). Global Special Risks, LLC, works directly with brokers, agents and insurance carriers, and as such does not solicit insurance from the public. Some products may only be available in certain states, and some products may only be available
from surplus lines insurers. In California: GSR Insurance Services, LLC (License #0M07586). ©2021 Ryan Specialty Group, LLC

CONTACT ONE OF OUR EXPERIENCED UNDERWRITERS

Helen Tarr, Director

Connie Garrett, CPCU, Associate Director

Justin Jenkins, Associate Director

Rachel Pittser, Senior Underwriter

Tracey Le, Underwriter

Target Classes:

  • Oil & Gas lease operators and non-operators
    • Geothermal operations
    • Worldwide territory
    • Clients who may require significant risk management services

Coverage Highlights:

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

Strategic Relationship with Boots & Coots incorporating:

Loss Prevention:

  • Wellsite audits – onshore & offshore including tubing, rig flow back, snubbing, workovers, completions, well head, and fracking
  • Risk assessments
  • Emergency Response Plans
  • Well Control contingency plans
  • Well plan reviews
  • Other tailored services as may be requested by the client
  • Critical well assistance – Up to 48 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
The description of this program is only a summary of available coverages. Actual policy language will dictate the scope of coverage in the event of a claim. Agents should read the full policy form and any applicable endorsements for full terms and conditions and should encourage their policyholders to do the same.
Some of the services and features described herein are provided by or in combination with Boots & Coots. Boots & Coots is a service line of Halliburton Energy Service Inc. an independent third party. Global Special Risks, LLC and its affiliates assume no liability for any products or services provided by this party.
Global Special Risks, LLC, is a Texas limited liability company based in Texas. Global Special Risks, LLC, is a subsidiary of RSG Underwriting Managers, LLC, which is a subsidiary of Ryan Specialty Group, LLC (RSG). Global Special Risks, LLC, works directly with brokers, agents and insurance carriers, and as such does not solicit insurance from the public. Some products may only be available in certain states, and some products may only be available
from surplus lines insurers. In California: GSR Insurance Services, LLC (License #0M07586). ©2021 Ryan Specialty Group, LLC

CONTACT ONE OF OUR EXPERIENCED UNDERWRITERS

Helen Tarr, Director

Jeremy Fyhn, Associate Director (licensed in Alberta, Canada)

Justin Jenkins, Associate Director

Rachel Pittser, Senior Underwriter

Tracy Le, Underwriter

GSR’s Upstream and WELLSURE® programs deliver a suite of essential services through our strategic relationship with Boots & Coots, one of the world’s premier well control companies:

  • 24 hour dedicated contact line for well control events, pressure control problems or other needed services at 1-800-BLOWOUT or 1-800-256-9688)
  • Free Engineering Services:
    • 48 Hours (Upstream Solutions)
    • 72 Hours (WELLSURE®)
  • Loss Prevention Services
  • Post Event Services
  • Emergency Response
  • Critical Well Assistance – will Mobilize to Wellsite
  • Well Control Contingency Plan
  • Well Plan Review
  • Risk Assessment
  • Wellsite Audit – Onshore or Offshore

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

Please contact:

David Kish – Vice President of Claims

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