Physical damage, Control of Well and Loss of Production Income for fixed platforms, jack-ups, semi-submersibles and FPSOs — underwritten by people who have been offshore.
Topsides, jackets, hulls, subsea kit and pipelines, on a depreciated schedule you can see.
Re-drill, seepage and pollution, and costs to regain control — limits set per well.
Barrels a day × price × indemnity period. Simple to explain, quick to settle.