Blowout and cratering

Term · Insurance and risk management · MLC-T-INS-003600

A coverage for oil and gas operations, optional under commercial general liability or energy liability policies, that pays for the insured's liability for damage to other people's property caused by a blowout, an uncontrolled eruption of oil, gas, water or drilling fluid from a well, or by cratering, the collapse of the ground or well. The insured's own costs of regaining control of the well and redrilling fall under separate control of well, or operator's extra expense, coverage.

Table 1. Record
Identifier	MLC-T-INS-003600
Field	Insurance and risk management
Subject	Commercial Liability

Record as JSON

{
  "id": "MLC-T-INS-003600",
  "term": "Blowout and cratering",
  "field": "Insurance and risk management",
  "definition": "A coverage for oil and gas operations, optional under commercial general liability or energy liability policies, that pays for the insured's liability for damage to other people's property caused by a blowout, an uncontrolled eruption of oil, gas, water or drilling fluid from a well, or by cratering, the collapse of the ground or well. The insured's own costs of regaining control of the well and redrilling fall under separate control of well, or operator's extra expense, coverage.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/blowout-and-cratering/"
}

Record 337 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.