Energy Insurance and Risk Management
Solutions for the Energy Industry
USI’s Energy Practice serves a wide range of clients including upstream, midstream, and downstream energy businesses. Our clients include onshore and offshore exploration and production companies, drilling and service contractors, pipeline and transportation/distribution, gas processing, refining and petrochemical companies. We also work with green energy and coal mining operations. USI relies on the deep knowledge and expertise of our recognized industry leaders to provide critical, value added solutions designed to help clients, control costs and manage risks in the face of changing regulations and an often volatile energy market.
Our management team advises clients on a variety of onshore and offshore energy risk exposures and challenges such as oil & gas well blowout risks, fracking risks, political risk, environmental exposures, terrorism, supply & demand fluctuations, underground property exposures, general and excess liability and loss of business income. For offshore businesses, USI assists with Marine Liabilities, Hull & Machinery and P&I and Maritime Employers Liability. USI’s Energy practice is also fluent in alternative energy and mining exposures.
USI structures insurance for energy risks, including:
- Control of Well / Operators Extra Expense
- Energy “Package”
- Downhole Tool Coverage
- Oil Lease Property
- Care, Custody & Control for third-party equipment
- Rig PD
- Drilling Permit Bonds
- Plugging and Abandonment Bonds
- Heavy Load Permit Bonds
- Onshore and Offshore Property
- Stock Throughput
- Owner-Controlled Insurance Programs
- Builders Risk
- Equipment Floaters
USI also provides a variety of analytical and risk management resources such as Contract Review (Joint Operating Agreements, Master Service Agreements, and Partnership agreements), Classification and Exposure Review, Loss Forecasting, Collateral Review, Loss Control and Claims Advocacy, Environmental Review, Catastrophic Modeling and Certificate Tracking.
To analyze our clients' business issues and challenges, our Energy team leverages USI ONE®, a fundamentally different approach to risk management. USI ONE integrates proprietary business analytics with a network of local and national technical experts in a team based consultative planning process to evaluate the client’s risk profile and identify targeted solutions. Clients then receive tailored recommendations for improving their total cost of risk.
Experience the USI ONE Advantage® and learn how USI’s nationally and locally based Energy Practice serves the constantly evolving risk needs of the energy market. Email PCsolutions@usi.com to learn more or contact your local USI office today.