Oil & Gas Lost-in-Hole

Oil & Gas Lost-in-Hole

Specialized Drilling Equipment

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American Eagle Underwriting Managers is a bespoke global insurance program administrator and brokerage that specializes in the placement of hard-to place risks with domestic carrier partners.

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BROKERAGE PROGRAMS

As a wholesale broker and Lloyd’s of London coverholder for over 35 years, we strive to find the right solutions for our clients by creating new and innovative insurance products.

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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 in-house for limits up to $2,500,000, on either a primary or excess basis, in the United States (higher limits and additional territories are available on an open market basis).

INSUREDS

  • Drilling Equipment Leasing
  • Companies
  • Well Operators
  • Lenders

HIGHLIGHTS

  • Total Insured Values up to $2,500,000
  • Coverage Available on a Primary OR Excess Basis
  • Coverage on Per Schedule OR
  • Per Tool Basis

COVERAGE OPTIONS

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 DECLARATION BASIS: Drilling Day Defined as 12:01 A.M. to 11:59 P.M.
Get coverage for multiple drilling locations or events.

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 adjust over the course of the year on a reporting basis.

Send submissions to - MHanuschak@aeums.com

LOST-IN-HOLE - Specialized Drilling Equipment Coverage

  • A+ Rated Security
  • Flexible Coverage Terms
  • Multiple Coverage Options
  • Partial Deposit Payment Available.

SUBMISSION REQUIREMENTS

  • Lost In Hole Application
  • Equipment Schedule
  • Drilling Schedule

This document provides sample coverage and is provided for illustrative purposes only. Coverages and pricing will differ in availability by state, carrier, and class. All coverages are individually underwritten. For a complete description of all coverages, terms, conditions, and/or limitations refer to the insurance policy. American Eagle Underwriting Managers (AEUM) is a wholly owned subsidiary of Mission Underwriting Holdings, LLC.

AEUM is a licensed insurance agency, NPN 2898833 that sells various property and casualty insurance. AEUM does business in California as American EUMS Insurance Services License #6011625, in Nevada as American Eagle Specialty Risk Managers, in New York as American Eagle Specialty Risk Managers, and in Utah as American Eagle Specialty Risk Managers. For a full list of licenses, visit aeums.com