Oil & Gas (ICDC)

An innovative product designed to address the cost overrun risk oil and gas lease operators may face when drilling unconventional wells (shale) throughout the United States.
oil rig

Worldwide Energy Programs' Increased Cost of Drilling and/or Completion (ICDC) insurance program offers clients a first-of-its-kind insurance solution for land-based oil and gas lease operators responsible for drilling unconventional wells across the U.S.  The program was developed in partnership with market leaders at Lloyd's of London.

Shale exploitation opens the door to a variety of exposures.  The ICDC insurance program's dedicated team of specialized underwriters know the industry inside and out.  We prize expertise and relationships equally to create partnerships that deliver and last.  Because your challenges are our privilege.  And when you win, we all win.

Eligible accounts

  • Land-based oil and gas lease operators focused on repetitive drilling (shale exploitation)

Are you looking for an upstream oil & gas insurance product?  Click here to learn more about Worldwide Energy Programs' comprehensive oil & gas solution.


Coverage

  • Increased Cost of Drilling and/or Completion coverage provides oil and gas lease operators with protection against a cost overrun as a result of mechanical breakdown or geological anomaly as defined in the policy

Increased Cost of Drilling and/or Completion (ICDC) program details


Availability

The program is available in all U.S. states.

 

Minimum premium

Varies


Limits

Tailored to each individual account's Authorization for Expenditure (AFE)

 

Carriers

Lloyd's of London (A.M Best rated "A")
Berkley Offshore (A.M. Best rated "A+")

 

Contact Us

Matt Begnaud
Senior Vice President
Worldwide Energy Programs - Houston, TX
832.319.6767 matt.begnaud@amwins.com
Scott Fuqua
Senior Vice President
Worldwide Energy Programs - Houston, TX
832.319.6761 scott.fuqua@amwins.com

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