ENERGY INSURANCE

 

Offshore And Onshore Insurances

 

CONSTRUCTIONAL COVERAGE

• Erection All Risks for physical loss or damage

• Damage to works in course of erection or construction

• Advance Loss of Profits / Delay in Start-up

• Consequential financial loss arising from delay due to  physical damage to works

• Third party liability

 

OPERATIONAL COVERAGE

• Physical loss of or damage to asset

• Machinery Breakdown for whole plant or specified plant items

• MBD may be insured as a separate policy or section in a package policy

• Business Interruption to cover financial losses resulting during anticipated downtime following insured physical damage

• Third Party Liabilities – Product, Pollution

 

PRINCIPAL EXTENSIONS

• Extended redrill and restoration costs

• Making wells safe

• Underground blowout (UGBO)

• Deliberate well firing

• Evacuation expenses

• Care, custody and contro