Skip Navigation?
 

The energy and energy-related industry is exposed to various complex risks. Harnessing it to power our technology-driven lifestyle is crucial to our global economy. AIG delivers insurance solutions to energy and energy-related businesses - across oil, petrochemical, power generation and more.

Our extensive experience in this industry has advanced our understanding of the often complex legislation, management and governance that this industry faces, resulting in a refined capability to offer specialized insurance solutions to our clients. Our innovative solutions allow us to draw on our industry insight and experience to offer exceptional products and services.

Products and Services for the Energy Industry

Comprehensive General Liability

This cover is designed to address the costs of the Insured’s legal liability arising out of accidents, injuries, and property damage sustained by third parties. Companies of different sizes and industries need sound liability coverage against these traditional exposures.

Contractor's Pollution Liability

Environmental insurance cover designed to address risks faced by contractors against pollution releases, including third-party bodily injury and property damage claims, as well as clean-up costs arising from pollution released due to covered operations and work performed.

Directors and Officers

Directors and Officers has two lines of products: CorporateGuard Premiere, which covers mid to large-sized private and publicly-listed companies, insuring claims against D&Os for alleged breach of duty, neglect, misstatements, errors or omissions. The second one is PrivateEdge, designed for private companies that offer solution for potential liability resulting from action and inaction of the directors and officers, and the employment practice they implement.

Energy and Engineered Risks (Onshore)

This policy provides onshore insurance for a complete range of energy and related businesses in the oil and petrochemicals, power generation, chemical, and mining industries. Machinery Breakdown that focuses on coverage for machinery and equipment, and boilers and pressure vessels, is also included in this policy.

Kidnap, Ransom and Extortion

Tailor-made solution to address kidnap, ransom and extortion threats to organizations and individuals around the world. Insurance policy cover includes incident response, financial cover, and risk prevention.

Project Cargo with Delay in Start-up

This indemnifies the project owner for loss resulting from delay in start-up of a commercial operation. Covers all goods and/or merchandise and/or equipment and/or interest of every type and description shipped in connection with the project, and delays in start-up.

Contractor's Equipment

Also known as Contactor’s Equipment cover, this is a comprehensive solution for assets that are moveable or mobile in nature, in transit or in storage, where specialization is needed or where unique exposures exist.

Cyber Insurance

This is a specially designed solution which addresses the liability of companies arising from data protection laws, the management of personal data, and the consequence of losing corporate information.

Employers' Liability

Pays on behalf of the Insured, all sums which the Insured shall become legally obligated to pay as damages because of bodily injury caused by an accident or disease, including death of the Insured’s employee arising out of and in the course of employment.

Energy Engineered Risk - Construction & Erection

Construction All-Risk/ Erection All-Risk (CAR / EARA) provides an all risks cover during the construction period against loss or damage to property and third party liability for accidental bodily injury or property damage in connection with the performance of the contract.

Pollution Legal Liability

Environmental insurance cover designed for fixed operating facilities. It provides comprehensive cover to address the environmental risks and exposures faced by businesses. It covers costs related to third-party bodily injury and property damage, legal costs, and clean-up costs.

Property Terrorism

We offer market-leading insurance solutions to cover financial losses arising from an incident at your property caused by acts of terrorism. Coverage can be customized to meet the distinct needs of the business. Business interruption cover can also be included.