Deductible Strategies That Actually Reduce Costs
Rising premiums have many oilfield service companies looking for relief.
The Pitfall: Believing the only solution is shopping carriers. Often, the answer is adjusting
deductibles. Staying with low deductibles forces carriers to price higher, assuming frequent
claims.
The Fix: For financially stable companies, higher deductibles can significantly lower premiums.
Structured deductibles (per-claim or aggregate) let you self-insure small incidents while
protecting against catastrophic loss.
Takeaway: The pitfall is assuming all risk must be transferred. The fix is strategically retaining
small risks to save money on the big picture.
We’ll run deductible modeling to show your savings potential.