EIR
Industry created. Industry backed.
CPIX manages the Energy Insurance Reciprocal (EIR) a non-profit program created by and for Canada’s energy companies to provide comprehensive, cost effective insurance and stable, long-term rates. EIR benefits hundreds of Canadian energy companies that invest annually in EIR insurance coverage.
If you’re a Canadian energy company, EIR insurance can help you control your insurance costs with three broad types of coverage customized to meet the needs of upstream explorers, producers and operators.
Comprehensive Commercial Liability
Provides coverage for third party injury and property damage as a result of business operations, legal defence costs and sudden and accidental pollution.
Property and Business Interruption
Provides broad coverage for physical loss or damage of property and resulting loss of revenues.
Operators Extra Expense/Control of Well
Provides coverage for expenses associated with
- regaining control of wild wells
- removal of wreckage and debris
- seepage and pollution
- containment and clean-up
- evacuation
- re-drilling supplies and equipment.
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