Energy
Insurance in this sector differs significantly from others due to the diverse risks associated with exploration, operation, transportation, and sales. Insurance in this industry is particularly complex, and the potential losses can be so substantial that a single or multiple insurance companies may not be capable of covering them. Hence, collaboration and coordination among companies are vital for distributing risks through consortia and reinsurance.
Our tailored services are designed to address the complete spectrum of the energy industry including both offshore and onshore phases:
Erection All Risk (EAR)
Property All Risk (PAR)
Contractors All Risk (CAR)
Comprehensive Machinery Insurance (CMI)
Operators Extra Expense (OEE)
Control of Well
Offshore Drilling Units
Industrial All Risk (IAR)
WELCAR
Advance Loss of Profit (ALOP)
Machinery Breakdown (MB)
Comprehensive General Liability (CGL)
Energy Package
The reinsurance needs of our clients are often unique, complex, and urgent. The Cover Re facultative team recognizes this constantly changing nature and has the extensive industry knowledge and wide market connections necessary to assist our clients in reaching their business goals. We aim to be your preferred independent facultative broker by delivering outstanding levels of service.
We leverage our extensive expertise in the industry and our well-established connections in the market to support clients in a wide variety of industries and business classes: