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Energy insurance solutions 

energy-industry

Energy insurance solutions

Energy industry

Energy companies harness some of the world’s most important resources, helping to fuel economies and serve communities worldwide. Energy industry insurance helps them navigate the challenges and opportunities related to oil and gas exploration and production; the evolution of utility and power-generation technologies; and the development and integration of alternative energy sources, such as wind power and solar energy. In providing this critical role amid an evolving regulatory and environmental landscape, energy companies require experienced and tailored insurance solutions to manage risk.

Why Zurich?

With over 25 years in the sector, Zurich’s Energy group understands the challenges our customers face, as well as the solutions that can help them succeed. Our highly specialized team of underwriters, Risk Engineers and claims professionals can deliver customized coverage for oil and gas, petrochemical, natural resources, mining, power generation and utilities, and alternative energy. Whether in production, processing, logistics or storage, customized coverage is available for the energy markets you serve.

Zurich’s technical knowledge and broad mix of energy products position us to help companies expand and grow, even when they face the most challenging exposures. Our established global presence and financial strength enable us to work with energy businesses of all sizes, from multinational corporations to small regional operators. Our Risk Engineers specialize in the energy sector, delivering effective and relevant solutions. We are committed to helping our customers build more resilient organizations so they can continue to power the world.

Contacts

Global strength
Zurich’s global network of over 215 countries and territories includes over 9,600 international Claims specialists in 32 countries and territories.


Risk Engineering
Zurich’s Risk Engineers, who average over 20 years of experience in the Energy sector, have the specialized knowledge to help customers manage today’s complex energy risks.


Financial strength
We offer the global strength of a leading insurance provider, with industry financial strength ratings of A+ A.M. Best and AA- Standard & Poor’s.*
*Ratings as of Oct. 29, 2019.


  • Oil and gas, petrochemical and refining
  • Power generation and utilities
  • Mining
  • Alternative energy

Oil and gas, petrochemical and refining

The world’s current energy revolution has been powered by breakthroughs in exploration, drilling and production technologies for oil and gas. Zurich’s deep knowledge in this space – upstream, midstream and downstream, including refining -- enables us to address the opportunities and risks of the rapidly expanding domestic oil, gas and petrochemical sector. For more than 25 years, our Energy specialists have focused on the swift response and quick turnaround that have led energy pioneers to thrive.

Coverages

  • Tailored onshore and offshore energy-property solutions, including All-risk Physical Damage, Construction and Builders’ Risk, Mechanical Breakdown and Business Interruption, Loss of Production Income, and Operator’s Extra Expense (Control of Well insurance)
  • Solutions for upstream, midstream and downstream oil and gas operations; from construction to refining and processing
  • Tailored onshore and offshore drilling contractor package solutions, including Construction, Physical Damage, Business Interruption and Liabilities
  • Energy casualty solutions for primary General Liability, Commercial Auto, Workers’ Compensation, Excess and Umbrella, and Pollution coverage

Tools and solutions

Property and Casualty

Zurich’s industry-specific Property and Casualty solutions emphasize a holistic approach to managing risk. We deliver flexible, broad commercial Property insurance forms that can be tailored to an energy customer’s distinctive needs. Our wide spectrum of bundled and unbundled commercial Casualty solutions includes the knowledge and experience of our global network of Risk Engineers, our Claims team’s award-winning Customer Care Center, and medical management and legal services administered through third-party providers. All can help in recognizing risk exposures, addressing them, and responding quickly and effectively when you are impacted by them.

Learn more about Property solutions

Learn more about Casualty solutions

Risk Engineering

Our global network includes over 800 Risk Engineers working in 40 countries. Our Risk Engineers have experience and deep knowledge in the energy industry and can work with our customers to build practices to help minimize risk. We can deliver the solutions our Energy customers need. Services include:

  • Enterprise risk management
  • Business Interruption risk-improvement consulting
  • Machinery breakdown services
  • Slip, trip and fall evaluations
  • Business continuity
  • Natural hazards risk assessment
  • Fleet services
  • Construction risk services

Learn more about our Risk Engineering solutions

International

Even domestic energy relies on foreign components and relationships, which is why understanding the risks and local country regulations inherent in doing business abroad is vital for energy producers. Zurich is one of the leading providers of international insurance programs, offering:

  • A global network of over 215 countries and territories
  • Over 9,600 international Claims specialists in 32 countries
  • The knowledge and experience of over 900 Risk Engineers worldwide

Power generation and utilities

Power-generation and utility companies bear a huge responsibility to their energy customers. Zurich’s experience in this space enables us to collaborate with customers, creating plans for smart energy consumption and reliable service. Our specialists can offer structured solutions that respond to the diverse needs of utilities and power-generation customers.

Our professional knowledge includes solutions for:

  • Power generation
  • Gas-fired power
  • Hydroelectric power
  • Power suppliers
  • Retail and wholesale
  • Gas and electric utilities
  • Independent power producers
  • Manufacturers and distributors
  • Plant-maintenance contractors
  • Utility-service contractors

We offer broad policy underwriting, including property damage, mechanical breakdown, construction and transit coverage.


Tools and solutions

Property and Casualty

Zurich’s industry-specific Property and Casualty solutions emphasize a holistic approach to managing risk. We deliver flexible, broad commercial Property insurance forms that can be tailored to an energy customer’s distinctive needs. Our wide spectrum of bundled and unbundled commercial Casualty solutions includes the knowledge and experience of our global network of Risk Engineers, our Claims team’s award-winning Customer Care Center, and medical management and legal services administered through third-party providers. All can help in recognizing risk exposures, addressing them, and responding quickly and effectively when you are impacted by them.

Learn more about Property solutions

Learn more about Casualty solutions

Risk Engineering

Our global network includes over 800 Risk Engineers working in 40 countries. Our Risk Engineers have experience and deep knowledge in the energy industry and can work with our customers to build practices to help minimize risk. We can deliver the solutions our Energy customers need. Services include:

  • Enterprise risk management
  • Business Interruption risk-improvement consulting
  • Machinery breakdown services
  • Slip, trip and fall evaluations
  • Business continuity
  • Natural hazards risk assessment
  • Fleet services
  • Construction risk services

Learn more about our Risk Engineering solutions

International

Even domestic energy relies on foreign components and relationships, which is why understanding the risks and local country regulations inherent in doing business abroad is vital for energy producers. Zurich is one of the leading providers of international insurance programs, offering:

  • A global network of over 215 countries and territories
  • Over 9,600 international Claims specialists in 32 countries
  • The knowledge and experience of over 900 Risk Engineers worldwide

Mining

Zurich has the experience and knowledge to help businesses navigate the environmental, political and financial challenges related to mining to help their business run productively and efficiently. Our underwriters set the benchmark for risk gradings based on data gathered from more than 500 sites evaluated.

Zurich serves qualified customers with solutions for:

  • Hard-rock mining
  • Metal/non-metal mining
  • Quarrying and solution
  • Processing facilities
  • Contractors, equipment manufacturers and distributors
  • Equipment maintenance and repair

Coverages

  • Property and Casualty with focus on the mining business
  • Energy Casualty services provided in U.S. jurisdictions, with access to a global network of Energy Casualty underwriters
  • Flexible Workers’ Compensation solutions for U.S. operations, including guaranteed cost and deductible as well as self-insured programs

Tools and solutions

Property and Casualty

Zurich’s industry-specific Property and Casualty solutions emphasize a holistic approach to managing risk. We deliver flexible, broad commercial Property insurance forms that can be tailored to an energy customer’s distinctive needs. Our wide spectrum of bundled and unbundled commercial Casualty solutions includes the knowledge and experience of our global network of Risk Engineers, our Claims team’s award-winning Customer Care Center, and medical management and legal services administered through third-party providers. All can help in recognizing risk exposures, addressing them, and responding quickly and effectively when you are impacted by them.

Learn more about Property solutions

Learn more about Casualty solutions

Risk Engineering

Our global network includes over 800 Risk Engineers working in 40 countries. Our Risk Engineers have experience and deep knowledge in the energy industry and can work with our customers to build practices to help minimize risk. We can deliver the solutions our Energy customers need. Services include:

  • Enterprise risk management
  • Business Interruption risk-improvement consulting
  • Machinery breakdown services
  • Slip, trip and fall evaluations
  • Business continuity
  • Natural hazards risk assessment
  • Fleet services
  • Construction risk services

Learn more about our Risk Engineering solutions

International

Even domestic energy relies on foreign components and relationships, which is why understanding the risks and local country regulations inherent in doing business abroad is vital for energy producers. Zurich is one of the leading providers of international insurance programs, offering:

  • A global network of over 215 countries and territories
  • Over 9,600 international Claims specialists in 32 countries
  • The knowledge and experience of over 900 Risk Engineers worldwide

Alternative energy

Alternative energy is key to the goal of creating a sustainable global environment. However, pursuing and developing new sources of renewable energy can expose businesses to new risks. The construction of a wind farm or solar-energy facility requires coverage that anticipates their integration into existing infrastructure and in alignment with the regulatory and tax environment. Zurich is committed to helping alternative energy providers reduce losses and manage operational and financial risks.

Coverages

Onshore property – Construction and operational coverage offered, including:

  • Physical Damage
  • Business Interruption
  • Extra Expense
  • Delay in Start-up (DSU)
  • Replacement Power coverage and Maintenance coverage may be available in certain instances.

Casualty risk solutions include:

  • General Liability, Workers’ Compensation, Auto
  • Time Element Pollution Extension
  • Onshore and Offshore Liability
  • Excess Casualty

Tools and solutions

Property and Casualty

Zurich’s industry-specific Property and Casualty solutions emphasize a holistic approach to managing risk. We deliver flexible, broad commercial Property insurance forms that can be tailored to an energy customer’s distinctive needs. Our wide spectrum of bundled and unbundled commercial Casualty solutions includes the knowledge and experience of our global network of Risk Engineers, our Claims team’s award-winning Customer Care Center, and medical management and legal services administered through third-party providers. All can help in recognizing risk exposures, addressing them, and responding quickly and effectively when you are impacted by them.

Learn more about Property solutions

Learn more about Casualty solutions

Risk Engineering

Our global network includes over 800 Risk Engineers working in 40 countries. Our Risk Engineers have experience and deep knowledge in the energy industry and can work with our customers to build practices to help minimize risk. We can deliver the solutions our Energy customers need. Services include:

  • Enterprise risk management
  • Business Interruption risk-improvement consulting
  • Machinery breakdown services
  • Slip, trip and fall evaluations
  • Business continuity
  • Natural hazards risk assessment
  • Fleet services
  • Construction risk services

Learn more about our Risk Engineering solutions

International

Even domestic energy relies on foreign components and relationships, which is why understanding the risks and local country regulations inherent in doing business abroad is vital for energy producers. Zurich is one of the leading providers of international insurance programs, offering:

  • A global network of over 215 countries and territories
  • Over 9,600 international Claims specialists in 32 countries
  • The knowledge and experience of over 900 Risk Engineers worldwide