November 13, 2019

Specialized Drilling Equipment

Lost-in-Hole covers the replacement cost of scheduled tools and

equipment in the event they become irretrievable while below the

rotary table. Coverage is available both on land and offshore, in the

United States and Internationally subject to underwriting approval.

Policies are issued on A+ Rated paper and can be written on a one off

daily basis, multiple declaration basis, as well as on an annual basis

where PROFIT SHARING is available and billing can be done on a

partial premium deposit based on more than 20 days of coverage.

SECTION A COVERAGE

Limits available up to 25% or 40% of the schedule of equipment over the tool leasing company's 50%

SECTION B COVERAGE

(Available only in conjunction with Coverage A)

Limits available up to 90% of uninsured non-directional tools not covered by the leasing company

DAILY BASIS - Drilling Day Defined as 12:01 A.M. to 11:59 P.M.

Get coverage based on the expected days BRT (Below the Rotary Table) and extend coverage as needed

MULTIPLE DECLARATIONS BASIS - Drilling Day Defined as 12:01 A.M. to 11:59 P.M.

Get coverage for multiple drilling locations or events and qualify for a sliding scale PROFIT SHARE if

insuring for more than 10 days.

ANNUAL BASIS

Get coverage on an annual basis for ongoing operations with a partial premium deposit based on the

estimated number of days BRT (Below the Rotary Table) and qualify for a sliding scale PROFIT SHARE if

insuring for more than 20 days.

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