SEIB provides physical damage and liability coverage for the oil, gas and energy industry. Our specialists will find out exactly what you require from us and provide you with an insurance cover that meets your expectations. This cover includes:

  • Oil, Gas & Petrochemicals
  • Onshore and Offshore Oil & Gas Production
  • Refining & Downstream Petrochemicals
  • Mobile offshore drilling rigs
  • Oilfield services, land rigs and equipment
  • Seismic vessels, equipment, and crews
  • Specialist construction units
  • Related Hydrocarbon Assets
  • Power Generation
  • Utilities, Sewage and Waste Water Treatment


Key coverages:

  • Upstream Operations:
    • Physical loss or damage in respect of all upstream assets, including offshore oil and gas platforms, offshore and onshore pipelines, cables and umbilicals, subsea and floating production systems, onshore plants and property, jetties and terminals.
    • Construction of all upstream facilities including major offshore developments and related onshore facilities.
    • Control of well, seepage and pollution and redrilling expenses and related additional coverages for all wells. This includes oil, gas, water and gas injection and geothermal, whether during the course of exploration, development or appraisal, whilst being drilled, worked over, partial completion, in production, shut in or abandoned.
    • Financial risks, for example loss of production, advance loss of profits, delay in start up and business interruption.
    • Third party and contractual liability in respect of all phases with the exploration and production cycle. Including pollution coverages, as required by regulatory authorities.
    • Political violence including terrorism

  • Downstream Operations:
    • All risks physical loss or damage in respect of insured assets
    • Machinery and electrical breakdown
    • Transportation and storage
    • Business interruption and contingent business interruption
    • Third party and contractual liabilities
    • Political violence including terrorism

  • Energy Contractors:
    • Physical loss or damage in respect of all contractors’ assets offshore; or onshore; on in the assured’s care, custody or control
    • Control of well, redrilling and seepage and pollution expenses to the extent of the contractor’s responsibility under contract
    • Financial risks, including loss of revenue, loss of profits and loss of hire
    • Third party and contractual liabilities
    • Political violence including terrorism