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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