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Oil & Energy Insurance
This policy provides cover for onshore risk and all manner of well delivery services.
Oil and Gas Insurance
This policy provides cover for onshore risk including refineries, petrochemical plants, depots, tank farms to the offshore risk comprising multinational and independent lease operators who work along with oil service companies involved in Engineering & Construction services, seismic operations, drilling rig activities and all manner of well delivery services.
Benefits
- • Installation against oil risks
- • Construction risk, not renewable
- • Operational risk covers all the activities i.e. Energy package – (Physical damages, onshore and offshore
- • Operators Extra Expenses (OEE) (Control of wells)
- • Cost of control of well, cost of re-drilling, cost of cleaning.)
- • General 3rd party liability
Properties covered under this policy would include the following:
- • Oil Rigs and Platforms
- • Pipelines
- • Flow Stations
- • Gas Terminals
- • Farm Tanks
- • Operators Extra Expenses
- • Cost of Controlling Well Fire
- • Cost of Re-drilling
- • Oil Seepage and Pollution (Clean Up Costs and Third Part Liabilities)
- • Cryogenic Vessels Hull
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