Ashland Insurance

Your local Independent Agents Since 1981

Insurance Coverage for Water Well Drillers

water will drillers

As climate change shifts our underground water tables year-round, rural homeowners and commercial businesses are having to have wells drilled, re-drilled, re-routed, and connected.

This is creating a spike in the number of water well drilling firms, and we have the tools and experience to help those firms manage their risk. Many firms are constantly tapping into our unused natural resources like petroleum, hot water, energy support platforms, and others.

From liability insurance on their heavy vehicles, physical damage on those vehicles (including “in the hole” or ”downhole” coverages), surety bonds, commercial general liability coverage, worker’s compensation, etc. Also: There are significant differences between water rigs, geothermal rigs, multi-purpose rigs, core rigs, environmental rigs, geo-tech rigs, and others.

A chassis for a mobile well driller may be valued at $10k. But the actual rig, commonly considered “mobile equipment” by insurers may be valued at $150k or more. Should the vehicle be insured to cover the chassis AND the rig, or should the vehicle be insured on one policy with the rig on a mobile equipment form? Contact us to discuss what forms facilitate the most comprehensive coverage and manageable deductibles. Loss of Use? We can help.

You can contact us for a water well drilling insurance quote and speak with one of our team members by calling us at 541-482-0831, or request a quote online.