The powerhouse of energy industry is the oil & gas business and it can be categorized into three areas: Upstream, Midstream and Downstream.

• The upstream industry specializes in exploration and production activities i.e. find and produces crude oil and natural gas.
• The midstream industry processes, stores, markets and transports commodities such as crude oil, natural gas, natural gas liquids (NGLs, mainly ethane, propane and butane) and Sulphur.
• The downstream industry includes oil refineries, petrochemical plants, petroleum products distributors, retail outlets and natural gas distribution companies.

Oil & Gas operations are complex with huge loss potentials including liability claims. Our customized insurance products combined with our expertise in this complex field of ever-changing technology has ensured that we remain among the industry recognized market leaders in Oil & Gas insurance.

The following product are available to suit our Client’s needs:

Construction All Risks / Builders Risks Insurance (Onshore/Offshore)

Provides cover for physical loss or damage cover to the asset under construction, erection/installation of machinery, plant and steel structures, for materials, equipment forming part of the asset being constructed including materials under storage or transit to the site and for damages to Owners existing property and terrorism risks.

Cover is also provided for Third Party Liabilities where the Client shall be obligated to pay by law, in case of injury, death, property losses.

Insured parties include the project owner, project management consultants, main contractor, sub- contractors and other parties involved in the project. We can also review and provide customized covers bench marked to industry standards.

Property Insurance: –

• Physical Damage: Provides cover for physical damage to, or physical destruction or physical loss, tangible property where indemnity shall be calculated based on the reinstatement of the property insured. Risks covered are Onshore/Offshore Assets/Properties.
• Business Interruption: Covers the loss of income that a business suffers after an insured physical loss resulting in loss of income.
• Control of Well and re-drilling expenses insurance: Covers certain costs associated with regaining control of the well, cleaning up pollution caused by the blowout, and re-drilling the well or restoring it to operation.

Onshore And Offshore Drilling Rigs:

Comprehensive coverage for the complex risks in the exploration and production functions of the energy industry. Coverage available for Land and Water well rigs etc.

Other Customized Products Linked To The Client’s Risk Profile And Risk Management Strategies

We also offer customized insurance products for renewable energy i.e. wind turbines, solar energy, nuclear energy plants, hydroelectric energy etc.

Engineering And Construction Insurance

Construction and engineering projects are volatile even with structured project plans, designs, schedules and experience of seasoned experts.

We customize insurance for projects from holistic perspective after thorough evaluation of the risk exposure. We work together with the Project Owners throughout the complete project phase starting from Construction activity until completion/handover of the project to the Owners.

We pride ourselves in providing Comprehensive Insurance cover at competitive costs including involvement of industry experts to guide our Client and the contractors to fulfil their contractual obligations. Our insurance cover provides customized protection for Construction and Third-party liabilities.

The following product are available to suit our client’s business needs:

Contractors All Risks (CAR)/ Erection All Risks (EAR):

Physical loss or damage cover to the project under construction, erection/installation of machinery, plant and steel structures, for materials, equipment forming part of the project being constructed including materials under storage or transit to the site. Coverage is also available for any loss or damage to Owners Existing Property. Cover is also provided for Third Party Liabilities risks emanating from the construction activity.

Coverage applicable to Insured parties includes the project owner, project management consultants, contractor, sub- contractors and other parties involved in the project. We can also review and provide customized covers bench marked to industry standards.

Contractors Plant & Equipment Insurance:

Physical loss or damage to the equipment or plant during operations or at work or idle period that could lead to repair or replacement of the damaged item.

Machinery Breakdown:

Cover all types of fixed immovable machinery, such as steam boilers, pressure vessels, refrigerators, air conditioning systems, generators, pumps, engines, turbines, transformers against mechanical or electrical breakdown.

Deterioration Of Stock:

Covers any loss or damage to stock in cold storage due breakdown of Cold storage. This cover available only in conjunction with the Machinery Breakdown insurance for Cold storage Electronic

Equipment Insurance:

Cover for any loss or damage to Computers, Laptops, digital /video cameras etc. caused by any unforeseen sudden physical damage from any cause.