Control of Well

Summary

This policy provides cover against operational Risks associated with gas plants, oil refineries, petrochemical facilities, fertilizer plants, and utilities require adequate insurance protection as the consequences in terms of physical damage and interruption losses in the event of an unfortunate accident will run into high numbers.

  • Risk Covered
    • Physical loss or damage to contract works.
    • Temporary works.
    • Third Party liabilities arising from operations.
  • Key Points
    • The coverage includes builders risks and cargo coverage, sue and labour, removal of wreck for a separate limit, removal of wreck and debris separate limit, existing property, expediting expenses, war etc. subject to waterborne agreement and maintenance period.

  • Information Required
    • Infrastructure Details
    • Surrounding Areas
    • Back Up Contingency Plans
    • Supervising Engineers

Control of Well

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