Our experienced team has the full knowledge, diversity and commitment to structure insurance policies that enhances the value of specially designed package for the oil and gas stakeholders. This, we arrange through other international insurance markets.
We understand the need to be dynamic and able to provide clients with custom-tailored policies to suit their specific insurance needs due to the diverse nature of various sectors in the oil and gas market. We have the knowledge to structure a suitable all in one policy as we learn of your requirements.
AREA OF EXPERTISE
Property All Risk
This policy indemnifies against the accidental physical loss or damage to the property insured. It includes loss or damage due to fire, lightning, aircraft, explosion, earthquake, strike, riot, civil commotion, malicious damage, storm and accidental loss or damage to any kind of tangible assets/property offshore Upstream and onshore upstream including removal of wreck/debris and general average and Sue and Labour.
Third Party Legal and/or Contractual Liabilities
This policy covers pollution arising from insured’s product for: bodily injury liability, property damage liability and cleanup cost.
This covers for the insured potential losses and liabilities that might occur due to terrorist activities on the insured various assets.
Operators Extra Expenses
This insurance policy covers the costs that energy and other businesses in the energy sector are liable for following an offshore or onshore well “blowout”, including redrilling expenses and seepage and also any pollution caused by the blowout.
Open Cargo/Storage Cover
This policy is designed to indemnify the cargo owners and/or the financiers such as banking institution against financial loss arising as a result of physical loss, general cargo, oil or bulk liquid, oil in pipeline and in storage, damage, expenses incurred or liability from the transportation process. Loss can arise from the perils of the sea such as rough weather, sinking, the ports or as a result of overturning, collision etc.
Kidnap & Ransom
This policy provides protection to individual and corporations operating in high risk areas around the world covering perils of kidnap, extortion, wrongful detention & hijacking.