I have a client based out of CA that is starting up an oil/gas drilling operation on leased land in KY/UT. Need Inland Marine coverage on the Drill Rig valued at $180,000 - have been declined by Hartford, FF, Great American, Lloyds (one of them), Westchester. Still out on AIG. Carriers decline due to exposure to fire/explosion.
Cover X declined GL due to insd being an oil lease operator. Most of the Programs I found have a $25k MP or higher. Any suggestions?
GL & Scheduled Equipment Cov for Oil/Gas Driller in KY/U
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Thanks for the info. I have a wholesaler (Burns) trying to obtain a quote through Colony in their oil/gas drilling program. Their MP is lower than $25000, but I don't know what it is. I did have the risk submitted to AIG, but my client will not pay $25k for an estimated $200,000 in gross receipts for the 1st yr of business. I am located in California as well.