Oil & Petrochemicals (O&P) insurance is designed to provide comprehensive property damage and time element coverages for the complex challenges presented by the O&P risks as well as related hydro carbon industries
Capacity: Up to US $750 Million limit.
Oil & Petrochemicals
Gas and crude oil Processing plants
Terminals and tank farms
LNG and LPG plants
All other hydro carbon plants including gas to liquids
Contingent Time Element covering key customers and suppliers
Denial of Access
Increased cost of Construction mandated by ordinance
Interruption by Civil Authority
Miscellaneous construction and revamp
Other exposures unique to your facilities
We provide value-added loss control services from the planning and construction phases for new construction through the operational ongoing loss control. Risk engineers are located worldwide and conduct risk assessment surveys and loss control inspections that analyze the unique exposures associated with O&P risks.
This includes analysing exposures from the perspective of traditional perils such as fire and explosion as many of our hydro carbon facilities have significant vapor cloud explosion potential. Maintenance, pipeline corrosion and integrity and other process safety management concerns whether from a hardware or management practices view point are examined.
In addition other exposures such as natural perils (e.g. earthquake, flood and windstorm, etc.) as well as location specific conditions are evaluated.