Oil and Gas Insurance
This policy covers all risks of physical loss and destruction to the insured properties (including Legal liability arising thereof) to the properties of the insured or arising out of the insuredâ€™s operations (including their agents).
Properties covered under this policy would include the following:Â
- Oil Rigs and Platforms
- Pipe Lines
- 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
- Employee Properties/Welfare Policies
- Employer Liabilities
- Extra Cover as desired by the Operator.
CONTRACTORS ALL-RISKS INSURANCE
This policy offers comprehensive protection against loss or damage in respect of contract work, construction plant and equipment and/or construction machinery. The policy may also be extended. to provide protection against third party legal liabilities.
ERECTION ALL-RISKS INSURANCE
This policy offers comprehensive protection against all the risks involved in the erection of machinery, plant and steel structures of any kind. It may be extended to cover third party liabilities in connection with the erection project.
PLANT ALL RISKS INSURANCE
This policy covers loss or damage to the insured machinery whilst at the situation from any cause outside the machinery, including fire, explosion, impact damage, burglary and legal liability arising therefrom.
MACHINERY BREAKDOWN INSURANCE
Provides indemnity in respect of the cost of repairing or replacing insured machinery as a result of breakdown whilst the machinery is:Â
- At rest
- Being dismantled, moved or re-erected for the purpose of cleaning,inspection or installation in another position within the situation of the risk.