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AIG’s Oil and Petrochemical cover provides comprehensive coverage for the complex challenges presented by the O&P risks as well as related hydro carbon industries.

Type of Risk

O&P underwrites all types of onshore hydro carbon risks worldwide inclusive of

  • Pipelines
  • Gas and Crude Oil Processing Plants
  • Terminals and Tank Farms
  • Refineries
  • Petrochemicals
  • Ammonia Plants
  • LNG and LPG Plants
  • All other Hydro Carbon Plants including gas to liquids

Coverage

  • Physical Damage
  • Business Interruption
  • Contingent Time Element covering key customers and suppliers
  • Demolition Costs
  • Denial of Access
  • Ingress Egress
  • Increase cost of Construction mandated by ordinance
  • Interruption by Civil Authority
  • Miscellaneous construction and revamp
  • Service Interruption
  • Other exposures unique to your facilities