Oil & Energy

Oil & Energy

This insurance covers all business underwritten by the insurance company whether direct, by way of co-insurance, facultative reinsurance in respect of Oil & Gas related business and classified by the insurance company as;

  • Energy Onshore & Offshore (Upstream only)
  • Energy related Construction (including Liabilities)
  • Operators Extra Expense (Control of Well/Redrilling Expenses/Seepage & Pollution.
  • Business Interruption/Loss of Production Income written in conjunction with Physical Damage/ Asset policies
  • Energy Package Policies
  • Third Party Liabilities written only in conjunction with Physical Damage/ First Party Occupancy Risks
  • Joint Venture Package Policies
  • FPSO Vessels/Offshore Pipelines/Subsea Equipment
  • Mobile Drilling Units both Onshore and Offshore
DescriptionUnderwriting Limits
Treaty Capacity Per RiskUSD 20 million
Named RiskUSD 30 million

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