Drilling Contractors Insurance

Unexpected claims can be economically devastating for a small contracting business.

Our Drilling Contractors' Insurance programs mitigate the financial risks incurred by third-party lawsuits -

Why do I need Contractors Insurance?

Drilling contractors spend most of their time boring, drilling, excavating, cementing, casing, and cleaning, which involves many specialized tools and equipment. As with any construction trade, drilling contractors face significant exposure to third-party injuries and property damage.

The insurance professionals at Fairbanks Insurance Brokers recommend a combination of contractors’ insurance coverages to provide the financial protection needed when something goes wrong on the job site.

Our Recommended Products

General Liability


Drilling contractors’ general liability insurance is an integral component of a formidable insurance package needed to provide comprehensive protection for drilling businesses.

The drilling contractors’ general liability policy offers coverage for bodily injury, property damage, personal/advertising injury, and products/completed operations.

Drillers’ general liability coverage protects against unforeseen third-party bodily injury and property damage claims.

Workers' Comp


Work-related injuries are not uncommon at a drilling job site. Accidents can happen that typically result in significant medical expenses and lost wages.

A drilling contractors’ workers’ compensation policy provides the protection your employees rely on for job-related injury or illness.

Many U.S. states mandate construction companies with employees to carry contractors’ workers’ compensation, regardless of the number of workers or hours worked.

Surety Bonds


Most state licensing authorities and residential and commercial customers require a drilling contractor bond that provides a financial guarantee if you fail to meet the obligations of your project agreement.

A drilling contractor’s surety bond benefits consumers damaged from defective construction or other license law violations and employees who have not been paid wages due to them.

A drillers’ surety bond acts more as a business line of credit than a drilling contractors’ insurance policy.

Commercial Auto


Drilling contractors use light and heavy vehicles and trailers for day-to-day business operations.

Drilling contractors’ commercial auto insurance provides liability and physical damage protection for business vehicles and insured drivers.

Inland Marine


Drilling contractors typically deploy expensive tools and equipment to the job site.

Drilling contractors’ inland marine insurance repairs or replaces tools and equipment damaged or stolen at the job site, in transit, or storage.

Drilling contractors’ tool and equipment insurance provides essential coverage for fire, theft, and other risks.

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