This policy covers all risks of physical loss and destruction to the insured properties (including Legal liability arising thereof) to the properties of the insured or arising out of the insured’s operations (including their agents).
Properties covered under this policy would include the following:
Oil Rigs and Platforms
- Pipe Lines
- Flow Stations
- Gas Terminals
- Farm Tanks
- Operators Extra Expenses
- Cost of Controlling Well Fire
- Cost of Re-drilling
- Oil Seepage and Pollution (Clean Up Costs and Third Part Liabilities)
- Cryogenic Vessels – Hull
- Employee Properties/Welfare Policies
- Employer Liabilities
- Extra Cover as desired by the Operator.