Chemical,gas, and petroleum enterprises that produce or extract from under the ground can spend in the millions on building overhead and underground pipelines to facilitate passage.of their products. These companies need specialized insurance coverage available only from carriers that have high property capability and can shield the industry from the financial repercussions of inherent exposure to risks.
A Pipeline Insurance policy can cover a pipeline's exposure to property damage, injury, business interruption and other types of commercial losses from the following perils:
- Soil erosion
Additionally, pipelines that are situated under bodies of water can be covered for damage incurred by boats and ships that pass by.
Pipeline Insurance is generally written on an ‘all-risk’ basis for the pipelines as well as associated:
- Pumping stations
For further information, requisites and rates for pipeline company coverage, speak to the experienced professionals at Prime.
PRIME Insurance is a three-generation family-run independent agency. We’re proud partners with many of the leading companies in the industry – big names, such as ACE, AmTrust, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage at competitively lowest quotes. Visit us on our online at our insurance website or email us at PRIME [at] primeins [dot] com or call us at 732-886-5751 and HAVE A PRIME DAY™!
Summary: Pipeline operators face unusual risks and need specialized insurance coverage to protect related interests.