Cyber Liability Insurance for NAICS 213111

Ranked reasons a business in NAICS 213111, Drilling Oil and Gas Wells, needs Cyber Liability coverage. Each reason is specific to how this industry actually loses money, and ends with the question to ask before the objection comes up.

1. 01

   Rig control systems run the drilling operation.

   • Drawworks, top drive, mud pumps, and blowout preventer controls are electronically operated.
   • Drilling parameters are monitored and adjusted from the driller's cabin.
   • Loss of control while drilling is a well control event.

   ASK

   Are your rig drilling and well control systems electronically operated?

2. 02

   Well data belongs to the operator and is highly confidential.

   • Drilling data, logs, and formation results pass through your systems in real time.
   • That data reveals what the operator found before anyone else knows.
   • Disclosure damages their lease position and your contract.

   ASK

   What operator well data passes through or is stored on your systems?

3. 03

   Day rates make every hour of downtime expensive.

   • Rigs are contracted at day rates in the tens of thousands.
   • Contracts define when the rig is on rate and when it is not.
   • A systems failure that puts the rig off rate costs by the hour.

   ASK

   What is your day rate, and what puts the rig off rate?