Drilling Contractors Insurance

Public liability cover for drilling contractors

Carrying out work as a drilling contractor is extremely high-risk. There may be transportation accidents, heavy equipment injuries, fires and explosions, and tough weather conditions to deal with, which could impact your ability to continue working. However, you also need to consider how your business activities might affect others. For example, you could cause injury to a customer or member of the public by leaving site locations unsafe and exposed, or cause property damage due to misconduct. In such situations, it’s likely those impacted will make a claim against you, resulting in costly compensation and legal fees which could disrupt your operations and even your entire livelihood. Fortunately, public liability insurance protects you should anything go wrong — you won’t need to pay out of pocket yourself for these fees.

Most insurers offer between £1 million and £10 million worth of public liability insurance cover.

What is drilling contractors insurance?

Designed especially for your profession, a comprehensive drilling contractors insurance policy will protect your business in the event of an accident. You face multiple hazards in your line of work every day, and if a problem arises that means you have to pay for compensation or legal costs yourself, you could find yourself in financial ruin. As such, drilling contractors insurance will allow you to carry out work without worrying how one slip up could cause your business to come crumbling down.