Energy & Utilities Insurance

Overview

The energy and utilities sector is undergoing a major shift, with a growing focus on renewable energy, grid modernization and sustainable resource management. While opportunities abound, companies in this space face significant risks including regulatory uncertainties, equipment failures, geopolitical tensions and climate-related events.

Oil and gas companies must manage operational hazards, environmental liabilities and price volatility, while renewable energy firms deal with evolving regulations and intermittent power-generation risks. Similarly, waste management and recycling businesses navigate regulatory compliance and operational challenges. To ensure resilience and financial stability, energy companies need tailored insurance solutions to safeguard their assets, workforce and long-term investments.

Energy Upstream

Energy companies operate in a high-risk world, often in the most hostile environments. There is increasing pressure to deliver low emission products and investment in technological developments while facing the constant challenge of maintaining profitability against the backdrop of volatile oil prices.

Appropriate risk management and secure, cost-effective insurance coverage placed with internationally renowned specialist reinsurers are key components for stability and success. EDME Energy has developed a worldwide reputation for technical skill and integrity when acting for energy project partners to analyze, design and place comprehensive risk solutions.

What we do

The EDME Energy Upstream division combines knowledge and expertise with hands-on experience to individually assess each risk and its complex technical requirements. We draw upon a depth of experience in complex risks and geographically challenging areas to deliver industry leading results and service to all our clients and continue to build a strong reputation within the Energy Upstream sector where we handle:
Control of Well
Platforms
Loss of Production Income
Pipelines
Mobile Drilling Units
Onshore and Offshore Upstream Property
Exploration, development, distribution and construction phases for oil and gas

Innovative risks solutions for energy risks are devised and adapted to various locations throughout the world through technical knowledge and ‘on the ground’ local expertise in the following sectors:

Sectors

• Public/Products Liability
• Employers’ Liability
• Pollution Liability
• Environmental Impairment Liability
• Professional Indemnity / Errors and Omissions
• Product Recall and Guarantee Insurance
• Directors’ and Officers’ Liability
• Cyber Liability
• Accident and Health
• Event Cancellation Insurance
• Medical Malpractice Insurance

Who We Service

Our client base reflects the global scale and scope of the energy industry. The Energy Upstream team provides covers in the following areas:
National Oil & Gas companies
Independent Oil & Gas companies
Onshore and offshore exploration & production companies
Offshore construction contractors
Oil equipment manufacturers (OEMs)
Integrated Oil & Gas companies
Oil Service companies
International Oil & Gas companies
Onshore and offshore drilling contractors
Onshore and offshore oilfield service companies

Energy Downstream

The size and scale of downstream energy and power generation projects require an insurance broker with global capabilities. EDME Energy, with an international network of offices and strong relationships with insurers worldwide, draws on many years of experience to address complex technical risk issues and develop cost-effective risk and insurance solutions.
In conjunction with our risk engineering team (ERC) we will evaluate the insurance risk exposure and create a tailored insurance product that most efficiently cover our clients’ needs.

What we do

The EDME Energy Downstream division, which also includes Power Generation expertise, utilise their professionalism, technical knowledge, ‘on the ground’ local expertise, industry experience and strength in-depth when servicing clients.

Each client’s particular and unique circumstances are met with expert solutions, comprehensive advices, tailored wording and, wide ranging covers to ensure maximum cover when developing innovative risks solutions for energy and power risks throughout the world, including:

All Risks of Physical Damage
Construction/Minor Works
Liability/Casualty
Natural Catastrophe
Malicious Damage
Named Perils
Machinery/Electrical Breakdown
Transit/Storage
Terrorism/Strikes, Riots and Civil Commotion
Time Element/Business Interruption/Contingent Business Interruption
Seepage and Pollution on a sudden and accidental basis or gradual occurrence

Who we service

Our client base reflects the global scale and scope of the energy industry. The Energy Downstream team provides covers in the following areas:

Fertilizer, lube oil plants
Power Generation
Hydroelectric Power
Renewable Energy
Petrochemical Plants
Hydrocarbon Storage Facilities/ Terminals
Onshore Pipelines
Refining, processing & distribution phases for oil and gas operating risks
Gas processing plants
Refineries
Mining
Utilities

EDME Edge

• Protecting Massive, High-Value Physical Assets
• Managing Catastrophic Environmental & Operational Liabilities
• Ensuring Operational Continuity and Reliability
• De-risking Energy Transition and Innovation
• Enabling Operations in Geopolitically Unstable Regions
• Protecting Corporate Leadership and Governance