Oil Rig Insurance from AIG UAE

Oil Rig

AIG's oil rig cover provides comprehensive coverage for complex risks presented by the offshore and onshore exploration, production and contractor segments of upstream energy industry.

Type of Risk

  • Offshore Physical Damage for platforms, sub-sea & pipelines
  • Operators Extra Expense (control of well insurance)
  • Hull & Machinery, Loss of Hire, and P&I for offshore drilling rigs, FPSO’s, Drill ships and the like
  • Business Interruption, Loss of Production Income
  • Land Rigs & associated drilling equipment
  • Offshore Construction Projects
  • Gulf of Mexico Named Windstorm coverage

Cover highlights

  • Physical damage
  • Business Interruption
  • US$200,000,000 capacity
  • Admitted & non-admitted paper
  • Bespoke package policy solutions
  • Global footprint/local capacity
  • In-house loss control & engineering
  • In-house claims expertise
  • Centres of excellence in London & Houston