Oil & Energy Insurance

This policy provides coverage to subject matter insured during construction in offshore places.

Perils Covered

The policy provides coverage under two broad sections.

Section – A

This section covers All Risks of Physical loss or damage to contract works, including temporary works. The cover would include builder’s risks and cargo coverage, sue and labour, removal of wreck and debris for a separate limit, existing property, expediting expenses, war, (subject to waterborne agreement) and maintenance period.

Section – B

This section covers Third Party liabilities arising from operations for an agreed limit.