- Dubai, United Arab Emirates
- tameenguru@gmail.com
- +971 54 379 7955
The Energy insurance market is truly international as Energy risks represent some of the largest and most complex risks in the insurance market.
Get Insurance Advice from Tameen Guru
Energy companies harness some of the world’s most important resources, helping to fuel economies and serve communities worldwide. Energy insurance helps them navigate the challenges and opportunities related to oil and gas industry.
Historically the insurance market has focused on oil and gas. It comprises both upstream onshore and offshore production and extraction operations along with downstream storage, refining, distribution, and power generation facilities, including increasingly new renewable energy technologies such as wind farms, solar, and hydro risks. All of these risks are exposed to elemental losses but offshore installations are particularly vulnerable to storm damage. The risk transfer programmes that are put together for these risks require the participation of direct insurers, reinsurers, self-insurance or captive arrangements, and industry funded mutual companies. Other financial instruments such as Catastrophe Bonds and Hedge Funds are also utilised to provide the necessary protection capital for these risks.
Call us to get an Advice
Over 2000 Contacts Worldwide
100% Viewers Satisfaction guaranteed
First Educational Specialized Channel for Insurance
Insurance & Reinsurance Partners
Get Energy Insurance Advice – instantly
Energy Main Activities
A. Upstream Activities -
(prospecting, exploration, development and extracting/production).
B. Midstream activities -
(transport from offshore field to marine terminal/ refinery/petrochemical plant/gas processing & transmission).
C. Downstream activities
(refining, petrochemical, processing, marketing & distribution).
(prospecting, exploration, development and extracting/production).
B. Midstream activities -
(transport from offshore field to marine terminal/ refinery/petrochemical plant/gas processing & transmission).
C. Downstream activities
(refining, petrochemical, processing, marketing & distribution).
Types of Energy Sector Companies :
Oil and Gas Drilling and Production
Pipeline and Refining
Mining Companies
Renewable Energy
Chemicals
Aviation Insurance
Get Insurance Advice with Tameen Guru
Aviation insurance normally covers physical damage to the aircraft and legal liability arising out of its ownership and operation. Specific policies are also available to cover the legal liability of airport owners arising out of the operation of hangars or from the sale of various aviation products. These latter policies are similar to other types of liability contracts
Call us to get an Advice
Types of Aviation insurance
A. Public Liability Insurance -
B. Passenger Liability Insurance -
C. Combine Single Limit -
D. Ground Risk Hull Insurance not in motion -
E. Ground Risk Hull Insurance in motion - Taxiing
F. In Flight Insurance-
B. Passenger Liability Insurance -
C. Combine Single Limit -
D. Ground Risk Hull Insurance not in motion -
E. Ground Risk Hull Insurance in motion - Taxiing
F. In Flight Insurance-
In Addition to the above, the below covers are available for airlines or businesses that have special purpose aircraft fleets.
* Airport owners’ and operators’ liability
* Aviation products liabilities
* Hull war risk
We've got answers
Frequently Asked Questions
1.What are the Specific Drilling Hazards?
- Shallow gas pockets
- Gas release , explosion and fire
- Blowout
- Underground blowout
- Formation collapse
- Cratering
- High Pressure High Temperature reservoir
- Oil pollution
2.What are the types of Energy Offshore Claims for Production Operations?
- Gas leakage with explosion/fire
- Hurricane/weather damages
- Mechanical failure/overload/fatigue fracture
- Electrical failure
- Well blow-out
- Helicopter accident
- Lifting accident
- Pipeline breakage
- Excessive corrosion damage (Sulphur Reducing Bacteria)
- Collision with supply vessels/shuttle tankers
- Anchor or fishing equipment damage on pipelines/subsea
- Business interruption as a consequence of damage on other installation
3.What is the Insurance coverage for EED?
Operator & JVs insurance needs associated with oil and gas wells from drilling until plug and abandon as follows:
Energy Exploration & Development Insurance (EED) :
- Control of Well Insurance
- Re drilling/Extra Expense Insurance
- Seepage and Pollution, Clean up and Contamination Insurance .
Additional coverage by endorsement :
- Underground Blowout
- Making wells safe
- Care, custody & control
- Evacuation Expenses
- Extended re drilling and restoration cost
4.Who are involved in the Energy Sector Services?
- Consultants
- Drilling Contractors-Onshore& Offshore
- Drilling Mud Dealers
- Energy Related Product Manufacturers
- Environmental Impairment
- LPG Gas Dealers
- Non-Operating Working Interest
- Oil & Gas Service Contractors
- Oil & Gas Lease Operations
- Operators
- Petrochemical Contractors
- Pipeline Contractors
- Refineries
- Remediation Contractors
- Tank Cleaning
- Underground Storage Tanks
- Vacuum Services
5.What types of Energy Non -Renewable and Renewable Products?
Non-renewable
- Petroleum products and oil
- Natural gas
- Gasoline
- Diesel fuel
- Heating oil
- Nuclear
Renewable
- Hydropower
- Biofuels such as ethanol
- Wind power
- Solar power
6.What are the types of insurance covers available during Construction, Exploration and Production phases?
The following range of cover is available for operations during the construction phase, the exploration phase as well as during the production phase.
- Insurance on equipment, on an all risks basis
- Cost of control, seepage & pollution liability, re-drilling expenses insurance
- General Third Party Liability Insurance
- Physical Damage Insurance for onshore/offshore properties-platforms, pipelines, rigs etc.
- Offshore combined Construction, Transit and Liability insurance
Exploration & Production (E&P)
- Physical damage to offshore installations
- Business Interruption
- Cost of Well Control
- Seepage & Pollution
- Cost of Redrilling
- Marine Liabilities
- Offshore Terrorism