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Overview

AIG offers flexible, comprehensive solutions for new frontiers of energy risks. We specialize in addressing the needs of alternative and renewable energy risks, including wind, biofuels, solar, clean coal, geothermal and waste-to-energy. Energy and Engineered Risk provides onshore property insurance for a full spectrum of energy and related businesses covered property damage, business interruption and extra expense may be written.

Truly global approach

We are a leading provider of risk management and loss prevention services for energy and engineered risks worldwide. Our extensive global team of specialists in underwriting, engineering, claims, and multinational disciplines, ensure a truly global approach to protecting and insuring your business.

Loss control

You will also benefit from the experience of our global loss control consultants, including power generator, oil and petrochemical, chemical, fire protection and mechanical engineers. They have dealt with virtually all types of energy exposures and operations and understand the inherent hazards of each activity type. They will work with you to identify and assess the risks of even the most complex facilities, providing recommendations on loss prevention and control issues to help you maintain reliable operations and help reduce your exposure to loss.

Who is it for?

Global Property’s Energy and Engineered Risk  underwrites all of the following types of operational property risks:

  • Power generation and utilities
  • Oil, gas and petrochemicals
  • Chemicals
  • Mining and Related Industries
  • Oil Rig (upstream exploration and production)

What is covered?

This product covers accidental physical loss, destruction or damage to property insured other than by an excluded cause and subsequent business interruption loss resulting from such interruption or interference.

Coverage included:

  • All Risks Property
  • Machinery Breakdown