If your firm operates in the area of groundwater drilling, there are several risks and liabilities you may be exposed to in the course of your work. From preventing bacterial contamination to mitigating employee and environmental risks, there are multiple reasons to consider getting insurance for groundwater drillers.
Groundwater Drilling Comes With Specific Professional Exposures
Much like other industries, groundwater drilling comes with its own specific professional exposures that need to be mitigated through proper insurance coverage. Some of these commonly experienced exposures include, but are not limited to:
- Bacterial contamination of groundwater
- Leaks of hazardous chemicals and various other contaminants
- Equipment risk relating to drilling rigs and their maintenance
- Contact with underground structures like pipes or cables
Understand the Details of Remediation Liability
Should one of these hazardous events occur, your firm may carry remediation liability, wherein you could be held responsible for addressing the problem. In these cases, it’s essential to have insurance that can cover:
- Claims against designers of the equipment
- Claims against operators or drillers who hit groundwater or contaminate it
- Claims against poorly managed or insufficient remediation attempts
Groundwater drilling inherently requires juggling several types of risks, including underground structural contact, rig maintenance, water contamination and more. To mitigate these mishaps and protect your firm, it’s important to look into insurance for groundwater drillers.