How to Insure Your Drilling Rig and Support Vehicles
- Nate Jones
- Sep 29, 2025
- 2 min read
Water well drilling companies rely on specialized rigs, heavy equipment, and support vehicles to complete projects safely and efficiently. These assets represent a significant investment, and without proper insurance, a single accident, breakdown, or theft can put your business at risk. That’s why commercial auto insurance and equipment coverage for drilling contractors is critical to protecting your operations.
In this article, we’ll explore the importance of insuring your drilling rigs and fleet vehicles, the types of coverage available, and how partnering with a specialized provider like Excavating Insurance Partners can safeguard your business.
Why Equipment and Vehicle Insurance Matters
Drilling operations come with unique risks:
Rig Damage: Drilling rigs are expensive to repair or replace if damaged on-site or during transport.
Vehicle Accidents: Service trucks and support vehicles often travel to remote sites, increasing accident exposure.
Theft and Vandalism: Equipment stored at rural or unsecured job sites may be targeted.
Downtime Costs: Any loss of rigs or vehicles can lead to project delays, unhappy clients, and financial strain.
According to OSHA well drilling safety standards, proper maintenance and operation reduce risks, but unexpected incidents still happen. That’s where insurance protection steps in.
Essential Coverage Options for Drilling Contractors
When insuring drilling rigs and vehicles, contractors should consider the following policies:
Commercial Auto Insurance – Covers company-owned trucks, vans, and service vehicles for collisions, liability, and physical damage.
Contractor’s Equipment Insurance – Protects drilling rigs, compressors, and portable machinery against theft, fire, or accidental damage.
Inland Marine Insurance – Provides coverage for mobile equipment while it’s being transported between job sites.
General Liability Insurance – Covers property damage or bodily injury caused by the use of equipment or vehicles on-site.
Workers’ Compensation Insurance – Ensures crew members are covered if injured while operating rigs or vehicles.
The Value of Working with a Specialized Provider
Not all insurance policies account for the complexities of well drilling operations. That’s why partnering with a provider who understands your industry is essential.
At Excavating Insurance Partners, we provide tailored business insurance for water well drilling contractors, including:
Commercial auto insurance for support vehicles
Equipment insurance for rigs, pumps, and tools
Workers’ compensation for drilling crews
General liability coverage for on-site operations
We work with contractors nationwide to ensure their fleets, equipment, and employees are fully protected.
Tips for Protecting Your Rigs and Vehicles
Beyond insurance, contractors can reduce risks with smart practices such as:
Scheduling preventive maintenance for rigs and trucks
Training employees in safe vehicle operation
Using secure storage or GPS tracking for expensive equipment
Keeping detailed inspection logs for compliance and claims purposes
By combining proactive safety practices with comprehensive insurance coverage, contractors can keep their drilling operations running smoothly.
Final Thoughts
Your drilling rigs and support vehicles are the backbone of your business. Protecting them with commercial auto insurance and contractor’s equipment coverage ensures that unexpected setbacks don’t derail your projects or profits.
With Excavating Insurance Partners, you’ll gain access to industry-specific coverage designed for water well drilling contractors, giving you peace of mind as you serve clients nationwide. Contact now!
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