Petrochemical Industry Insurance

Petrochemical Industry Insurance

Advanced insurance solutions managing operational hazards, regulatory risks, and supply chain volatility.

Overview

As a cornerstone of India’s chemical value chain, the petrochemical sector is entering an aggressive growth phase characterized by massive capacity expansions and a strengthening export footprint. However, this momentum is tempered by inherent operational hazards—including fire and explosion risks—alongside chronic feedstock price volatility. Furthermore, the industry must navigate rising cyber vulnerabilities within automated systems and stringent environmental liabilities. Adherence to CPCB mandates and global benchmarks like REACH remains a critical, yet demanding, prerequisite for sustainable operations. Edme offers customized insurance to mitigate these threats, supporting safe scaling and resilience.

Edme Edge

  • Mega Risk Placement for Chemicals & Process Industries
  • Integrated Cyber Coverage for OT Environments
  • Environmental Impairment Liability Expertise
  • Access to Global Specialty Reinsurers
  • Business Interruption Modelling

FAQs

  • Fire, Explosion & Process Hazards: Catastrophic failures in reactors and storage tanks
  • Environmental & Toxic Release Liability: Chemical spills leading to remediation and fines
  • Supply Chain & Feedstock Volatility: Disruptions in crude/naphtha supply
  • Cyber & Operational Technology Risks: Attacks on SCADA systems halting production
  • Regulatory Compliance: Stricter PSUs and emission controls

  • Property & Boiler Insurance: Covers damage from fires, explosions and machinery breakdown
  • Environmental Impairment Liability: Handles pollution cleanup and third-party claims
  • Business Interruption Insurance: Compensates for production halts due to incidents
  • Cyber Risk Insurance: Protects automated plants from digital threats

Talk To Us

Contact us to get in touch with an industry or risk subject matter expert, learn more about a specific solution or submit a sales/RFP inquiry.

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Disclosure

EDME INSURANCE BROKERS LTD. (FORMERLY KNOWN AS ADITYA BIRLA INSURANCE BROKERS LTD.)

Registered Office: 2nd Floor, Privillion, East Wing, Sarkhej - Gandhinagar Highway, Vikram Nagar, Bodakdev, Ahmedabad, Gujarat 380054. IRDAI License Number: 146 | Composite Broker | License Valid till: 9th April, 2027 | CIN: U99999GJ2001PLC062239 Corporate Office: VIOS Tower, 6th floor, Off Eastern Express Highway, Sewri - Chembur Rd, Mumbai – 400037 Telephone: 1800 120 2510 | Website: www.edmeinsurance.com In case of any queries/complaints/grievances, please write to us at care@edmeinsurance.com.