Pipeline Inspection Tool Insurance

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What is pipeline inspection tool insurance?

Pipeline inspection tool insurance covers the replacement cost of scheduled tools while they are inside the pipeline during a pre-approved pipeline inspection. The tools can be covered for loss or damage while inline during an inspection. Our main loss event occurs when tools become stuck in the pipeline.

What types of tools are covered?

Below is a list of the most common types of tools that we cover. If you have a special need for a tool not listed, please contact us.

  • Inline inspection tools
  • Smart pigs

Who is eligible for coverage?

Coverage is available to anyone who owns tools or is contractually obligated to safeguard the tools while below the rotary. In most cases, the following parties are eligible:

  • Pipeline operators
  • Pipeline inspection contractors
  • Tool rental companies
  • Tool manufacturers

How do we charge?

We charge a single rate per pipeline inspection run.

  • All rates on a per-run basis
  • Multiple pipeline discounts are offered
  • Special rate plans for inline inspection contractors

How are losses handled?

Losses are handled by claims adjusters specializing in the energy industry. This translates into quick turnaround times for you when it comes to proof of loss and payment. We know time is money, and unlike other contractors and insurance companies, we provide claim payments in days rather than months.

Will we be there when you need us?

We understand that drilling does not stop at 5 p.m. or on the weekends. We are available to assist you in getting coverage 24/7. Upon receiving a completed application, we can get a quote in your hands in less than 24 hours.

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