The Transpac Managers team is consistently asked why companies need Downhole Tool Insurance. Check our four key reasons and let us know if you purchase insurance for different reasons.
- Lost tools, due to sticking, are not insured under most Commercial Insurance Programs
- LIH losses can have a more dramatic economic effect on smaller drilling programs
- BHA replacement costs are rising and even if contractors reduce exposure by 50%, you still have significant LIH exposure
- Your drilling, wireline, coiled tubing, and fishing tools can all be covered under one policy
No matter the application, make sure your tools are covered on your next operation. Call 214-346-1512 x10 or email
cwebb@transpacmgrs.com
for more information on our limits and for a free quote before you send your equipment downhole.
