A Typical Loss of Production Income (LOPI) claim - IMUA
A Typical Loss of Production Income (LOPI) claim - IMUA
A Typical Loss of Production Income (LOPI) claim - IMUA
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Operator’s Extra Expense<br />
…or Control <strong>of</strong> Well insurance. Provides a package <strong>of</strong><br />
coverage for well operation control incidents.<br />
• Provides cover for the following costs:<br />
• Control <strong>of</strong> Well – control a “well out <strong>of</strong> control” per provisions<br />
• Restoration / Redrill – resulting from “well out <strong>of</strong> control”<br />
• Seepage & Pollution – resulting from a “well out <strong>of</strong> control”<br />
• Possible Endorsements: Care, Custody & Control, Evacuation<br />
Expenses, Turnkey Drilling, Making Wells Safe<br />
• Limit(s) as described in the Declarations, per incident.<br />
• Subject to a “per incident” Deductible/Retention/Excess.<br />
• Subject to “Due Diligence”, “Warranty”, and “Exclusions”<br />
provisions in the Policy.<br />
HYDROFRACKING – The scope and magnitude <strong>of</strong> the process, inland marine exposures/issues and community impact. Slide No. 12
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