Drilling Contractors Insurance

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.

A generic insurance policy won’t cover everything you need as a drilling contractor, simply because many insurance providers consider your trade to be too high risk for them. In fact, many insurers fail to recognise your profession in the first place and instead prefer to offer policies to standard trades. However, it’s likely your clients will request drilling contractors insurance in order to work with you, making it essential for your business. It ensures your company is protected no matter what happens during your working day. Use Brisco Business Insurance’s policy comparison tool to help find the right cover for you.