Specialist coverage protecting energy companies across the entire lifecycle — from exploration and drilling through refining, storage, and transportation — against physical asset damage, operational hazards, pollution, and legal liabilities.
Energy sector risks are among the most complex and high-value in any commercial portfolio. Prestige Assurance provides specialist underwriting capacity across three core protection pillars — asset and property, operational and financial, and liability and environmental — covering every phase of the energy value chain.
Seismic surveys, wildcat drilling, appraisal wells, and sub-surface asset evaluation in frontier acreage.
Wellhead operations, onshore/offshore platforms, flow stations, gas processing plants, and export terminals.
Crude distillation, hydrocracking, catalytic reforming units, storage tanks, and utility infrastructure.
Trunk pipelines, product tankers, loading terminals, LNG carriers, and downstream distribution networks.
Physical protection for every tangible energy asset — from subsea wellheads to onshore refineries — against accidental damage, fire, explosion, and natural catastrophe.
Covers damage to land and onshore rigs, offshore platforms, pipelines, flow stations, gas terminals, farm tanks, and refineries against fire, explosion, flood, and operational accidents.
Protects new energy infrastructure and equipment during the building and installation phases — covering contractor risk, testing, and commissioning until handover.
Covers specialised transport ships, oil tankers, floating storage and offloading units (FSOs), and mobile offshore drilling units (MODUs) against voyage perils and structural damage.
Financial resilience when operations are disrupted — covering well control emergencies, production downtime, revenue loss, and security threats to critical energy infrastructure.
Pays for controlling out-of-control wells, re-drilling costs, killing wild wells, and fighting well fires — covering the enormous emergency expenditure that can follow a blowout event.
Replaces lost revenue and covers ongoing fixed expenses when production operations are halted by accidental damage, equipment failure, or an insured property loss event.
Guards against malicious physical damage, pipeline vandalism, and deliberate disruptions to critical energy assets — covering repair costs and associated business interruption losses.
Legal, regulatory, and environmental safeguards — protecting your company, your workers, and surrounding communities from the consequences of industrial incidents and pollution events.
Covers legal defence costs and damages if energy operations cause bodily injury or property damage to third parties — including neighbouring communities, landowners, or contractors on site.
Manages cleanup costs, land and water contamination liabilities, regulatory fines, and legal penalties resulting from oil spills, gas leaks, or accidental discharge into the environment.
Protects the operator against compensation claims related to worker injuries, occupational illnesses, or fatalities sustained on energy installations — meeting statutory obligations and beyond.
From upstream exploration to downstream distribution, Prestige Assurance has the energy underwriting capacity and specialist expertise to keep your operations, assets, and people protected.