OEE / CONTROL OF WELL2021-05-17T15:12:16-05:00

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 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

CONTACT ONE OF OUR EXPERIENCED UNDERWRITERS

Connie Garrett, CPCU, Associate Director

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 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

CONTACT ONE OF OUR EXPERIENCED UNDERWRITERS

Helen Tarr, Director

Jeremy Fyhn, Associate Director

GSR’s Upstream and WELLSURE® programs deliver a suite of essential services through our strategic partnership 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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