Industry Blogs

How Slick is Your Coverage?

December 08, 2014
Industry Blogs | 3 minute read

In many industries maintaining equipment is a pretty straightforward process. You buy it, you use it. It’s pretty simple. In the oil and gas industry, however, it’s not that straightforward. That’s because leasing and renting gear is the norm, not the exception. This raises many insurance issues that can be complicated to resolve.

What happens if your lessee’s insurance on your equipment lapses? What if damage is done in the process of transporting equipment? What will you do in emergency situations that require fast action removal of your equipment? These are difficult questions, but if you are covered by ProSight’s new Equipment Sales and Rental Coverage, you can count on us to see you through the matter how complex the situation may seem.

At ProSight, we understand that your business in motion keeps our country moving. While most contingency coverages look for ways to avoid paying you, our primary coverage plan looks way to  ensure that you get paid. It’s not just your equipment we are looking after, it’s your computers, your (and your employees’) tools, and even your important documents. In short, we look after everything you need to get the job done. These items and others can be covered under a single endorsement, and we give you the ability to pick single or multiple items and allow you to customize your limits so your unique coverage fits your unique needs.

Regardless of whether you lease, sell, or rent your own equipment, or repair and service other people’s gear, our Equipment Sales and Rental Coverage was developed to cover you. From elevated platforms to tires, we are proud to have created a plan that outperforms our competitors in its thoroughness. Working with experts who understand the ins and outs of the oil and gas industry, we set out to bring you a plan that covers every loss scenario that you may encounter.

We are excited to offer this new plan and invite you to contact us to hear more about what our Equipment Sales and Rental Coverage can do for you.

This material is for general informational purposes only, and does not take into account your personal circumstances or objectives.  The description of any coverage herein is a summary only.  Please refer to the actual policies for complete details of coverage and exclusions. Coverage may not be available in all states.  Issuance of coverage is subject to eligibility and underwriting by ProSight Specialty Insurance.