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Drilling contractors’ insurance protects against a wide range of financial risks encountered at every stage of business operations.
Drilling contractors’ operations involve boring, drilling, excavating, cementing, casing, and cleaning, all of which require specialized tools and equipment. This hazardous work exposes them to significant risks of third-party injuries and property damage. Without adequate coverage, even a small mishap can bankrupt a small contracting business overnight.
Our commercial insurance packages for drilling contractors will shield against these risks, ensuring financial stability and peace of mind.
With competitive rates, outstanding coverage, and our dedicated customer support, our construction insurance specialists are ready to assist drilling contractors in finding the right protection. Proper insurance safeguards your business’s future and prevents financial difficulties. Contact us today for a customized quote and learn how our tailored insurance solutions can secure your operations.
Drilling contractors’ general liability insurance is an integral component of a formidable insurance package needed to provide comprehensive protection for drilling businesses.
The drilling contractors’ general liability policy offers coverage for bodily injury, property damage, personal/advertising injury, and products/completed operations.
Drillers’ general liability coverage protects against unforeseen third-party bodily injury and property damage claims.
Work-related injuries are not uncommon at a drilling job site. Accidents can happen that typically result in significant medical expenses and lost wages.
A drilling contractors’ workers’ compensation policy provides the protection your employees rely on for job-related injury or illness.
Many U.S. states mandate construction companies with employees to carry contractors’ workers’ compensation, regardless of the number of workers or hours worked.
Most state licensing authorities and residential and commercial customers require a drilling contractor bond that provides a financial guarantee if you fail to meet the obligations of your project agreement.
A drilling contractor’s surety bond benefits consumers damaged from defective construction or other license law violations and employees who have not been paid wages due to them.
A drillers’ surety bond acts more as a business line of credit than a drilling contractors’ insurance policy.
Drilling contractors use light and heavy vehicles and trailers for day-to-day business operations.
Drilling contractors’ commercial auto insurance provides liability and physical damage protection for business vehicles and insured drivers.
Drilling contractors typically deploy expensive tools and equipment to the job site.
Drilling contractors’ inland marine insurance repairs or replaces tools and equipment damaged or stolen at the job site, in transit, or storage.
Drilling contractors’ tool and equipment insurance provides essential coverage for fire, theft, and other risks.