Insurance coverage for SME drilling businesses
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Insurance coverage for SME drilling businesses

When it comes to the drilling industry, businesses are exposed to a wide range of risks unlike any other industry in Australia. Risks span from geographic and environmental exposures, to the type of work conducted and its location. The combination of these factors vary from business to business, and each business has a unique insurance requirement - not a one size fits all approach.

Taking the burden out of insurance

Marsh understands that you are often too busy to focus on your business insurance. That's why we help business owners and operators identify risks and hazards so that they can manage and grow their business with confidence. Whether your business operates above or below ground, or utilises explosives, your Marsh insurance broker can arrange coverage tailored to your drilling business - giving you one less thing to worry about.

Smart and cost-effective

Every dollar and every minute spent on improving your business counts. Not only do you have to consider the day-to-day costs of running a business, you also need to consider the safety and protection of your employees and contractors. A Marsh insurance program provides you with:

  • Certainty and reliability - High quality insurance so that you receive the coverage your business needs.
  • Simplicity and choice - Marsh's alliances with leading insurers provides you with choice and competitive pricing.
  • Cost-effective - Insurance tailored to the exposures of drilling without paying for the unnecessary extras.

Prompt service and claims assistance

Marsh uses facilities to streamline the insurance process, allowing for fast turn-around between obtaining the quote and starting your insurance policy, and to assist with the settling of your claim.

Insurance products for drilling businesses

Marsh has a range of insurance products to address the risk exposures in the drilling industries - no matter how technical or complex:

  • Underground works
  • Workers' compensation
  • Machinery
  • Public liability
  • Cranes and trucks
  • Contract performance
  • Hazardous and dangerous goods
  • Directors and officers liability
  • Heavy motor and fleet
  • Professional liability
  • Transit freight
  • Income protection and life
  • Environmental and pollution

Technical insurance covers available:

  • Underground cover extensions
  • Over water work cover
  • Blasting
  • Hotwork - above and/or below ground
  • Consequential loss on plant and equipment
  • Labour hire
  • 90 day auto additions and deletions
  • Underground abandonment of plant and equipment
  • Down-hole cover for surveying equipment
  • Contractual liability extensions

Additional services available:

  • Occupational health and safety
  • Trade credit
  • Crisis management and recovery from business interruptions
  • Insurance payment financing
  • Debtor financing

Contact your Marsh insurance broker or request a business insurance quote.


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