PRODUCTENERGY INSURANCE
Operational activities in the energy sector have a high level of risk. It is because any losses give a big impact on financial losses. Therefore, we are here to offer you something that will provide maximum and comprehensive protection that may occur in the future.
- Upstream Energy Insurance
- Scope of Coverage:
Focused on exploration and production activities in the oil and gas (O&G) sector. - Key Coverages:
- Well Control: Protects against loss of well control, including blowouts and remediation expenses.
- Property Damage: Covers damage to drilling rigs, offshore platforms, or related equipment.
- Operator’s Extra Expense (OEE): Additional costs related to drilling or recovery after unforeseen events.
- Construction Risks: Protection during the construction of platforms or installation of new facilities.
- Liability: Includes legal liabilities for environmental damage or worker injuries.
- Scope of Coverage:
- Downstream Energy Insurance
- Scope of Coverage:
Focused on refining, distribution, and storage activities. - Key Coverages:
- Property Damage: Covers damage to refineries, petrochemical plants, storage terminals, and distribution facilities.
- Business Interruption (BI): Protects against revenue loss due to operational disruptions following physical damage.
- Machinery Breakdown: Covers damages to machinery used in energy production processes.
- Liability: Covers legal liabilities arising from fires, explosions, or environmental pollution.
- Scope of Coverage:
- Renewable Energy Insurance
- Scope of Coverage:
Covers renewable energy projects such as solar, wind, hydro, and bioenergy. - Key Coverages:
- Construction All Risk (CAR): Protection during the construction phase of renewable energy projects.
- Operational All Risk: Covers losses during operations, including damage to solar panels, wind turbines, or other infrastructure.
- Liability: Covers third-party liabilities related to project operations.
- Natural Perils: Protection against natural disasters like storms, floods, or earthquakes.
- Scope of Coverage:
- Energy Transit Insurance
- Scope of Coverage:
Protects the transportation of energy materials such as oil, gas, or coal. - Key Coverages:
- Environmental Liability: Protection against claims due to environmental damage, such as pollution or oil spills.
- Third-Party Liability: Covers claims from third parties for injury or property damage.
- Employer’s Liability: Protects employees injured while working.
- Scope of Coverage:
- Political and Terrorism Risks Insurance
- Scope of Coverage:
Protects energy assets from damages caused by political acts, wars, sabotage, or terrorism. - Key Coverages:
- Political Risks: Loss of assets due to nationalization, wars, or civil unrest.
- Terrorism Insurance: Covers damages caused by acts of terrorism.
- Scope of Coverage:
- Energy Project Insurance
- Scope of Coverage:
Includes protection for energy construction or development projects, such as:- Building oil refineries.
- Installing solar panels or wind turbines.
- Scope of Coverage:
PT. Tala Reinsurance Brokers
Graha Mustika Ratu, 6th Floor
Jl. Gatot Subroto Kav. 74-75
Jakarta 12870
Jl. Gatot Subroto Kav. 74-75
Jakarta 12870
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