OIL, ENERGY & POWER INSURANCE
Today’s power and energy companies face significant and wide-ranging risks. A rig accident or oil spill can have environmental and reputational impacts. Power blackouts due to aging infrastructure, weather, and human error can cause severe interruption to supply. Increasing political and social unrest may present additional challenges. Local regulation poses challenges for production and distribution.
Need for Oil, Energy & Power Insurance
Energy companies operate in a high-risk world, often in the most hostile environments. There is increasing pressure to deliver low emission products and investment in technological developments while facing the constant challenge of maintaining profitability against the backdrop of volatile oil prices.
Appropriate risk management and secure, cost-effective insurance coverage placed with internationally renowned specialist reinsurers are key components for stability and success. Emedlife has developed a reputation for technical skill and integrity when acting for energy project partners to analyse, design and place comprehensive risk solutions.
What’s covered?
- All Risks of Physical Damage
- Construction/Minor Works
- Liability/Casualty
- Machinery/Electrical Breakdown
- Malicious Damage
- Named Perils
- Natural Catastrophe
- Seepage and Pollution on a sudden and accidental basis or gradual occurrence
- Terrorism/Strikes, Riots and Civil Commotion,
- Time Element/Business Interruption/Contingent Business Interruption
- Transit/Storage
For registration of claims and to learn more about our claims process please Contact our dedicated claims team for advice on an incident/claim.
