Denmark drill rig insurance manufacturer

Do I need insurance if I'm drilling a well?

Various financial amounts of insurance and extensions of cover are available, depending on local circumstances such as the concession agreement, local law, the environmental circumstances, the type of well, the availability of additional drilling and clean-up equipment and other risk factors.

Is Gard a good insurance company?

The direct insurance entities within the Gard group are rated ‘A+' with a stable outlook by Standard & Poor’s. With the addition of Copenhagen and Aarhus, Gard now operates 15 offices worldwide, with approximately 750 employees. Prior to Gard’s acquisition, Codan was part of the Alm. Brand Group, Denmark’s second-largest non-life insurance company.

What happens if a rig is assigned to another company?

Cover may be effected as direct insurance, or as a re-insurance of local insurers if local insurance is necessary by law. When an offshore unit or land rig is temporarily assigned to another company, the above insurances cannot be transferred and will cease (or preferably be suspended) immediately on handover.

How do oil & gas companies manage risk?

From single rig operations to carbon capture facilities, each oil and gas business operates in a highly regulated, complex environment that influences its risk management and insurance needs.

Does Gard have a branch in Denmark?

As part of the transaction, Gard has established a dedicated Danish branch and opened two new offices in Copenhagen and Aarhus. The completion of the deal has also seen Mikael Hvolgaard appointed Managing Director of Gard Denmark.

Do I need insurance if I run a business in Denmark?

When you run a business in Denmark, some insurances are compulsory by law: When you have employees, occupational injury insurance is compulsory. We call this “Worker’s Compensation Insurance”. This insurance compensates your employees for accidents and illnesses directly caused by the work or their working conditions.