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Offshore Physical Damage Insurance
Offshore Physical Damage Insurance covers “all risks” physical loss or damage to fixed offshore drilling, production and accommodation facilities as well as mobile drilling rigs such as jack-ups, semi-submersibles and drill ships. Typical insureds include integrated oil companies, oil and gas lease operators, independent oil companies and drilling contractors.
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Features and Benefits
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- Insures equipment such as pipelines, subsequent equipment and offshore loading buoys
- "Package" programs can be structured, including multiple offshore coverages to fit clients' needs and insurance requirement
- Available limits among the highest in the industry – up to $150 million on any single occurrence, any one location, all interests combined for fixed offshore property and $60 million for mobile drilling rigs
- Worldwide underwriting, engineering, loss control and claims services provided by energy industry specialists
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Claims
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Our claim specialists around the globe help clients avoid and mitigate the effects of loss or damage by using the latest technology and claims management strategies to assist insureds in controlling losses, reducing downtime and restoring operations quickly and efficiently in the wake of a loss. Our experts work closely with clients to design and implement creative claims management approaches that keep pace with a rapidly-evolving business and litigation environment.