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Energy Property Insurance

AIG brings you specialized, highly rated coverage, expert loss prevention, and responsive claims support to help you to better mitigate risks and ensure a bright future.

 

Take advantage of our 75 years of experience – and top-tier energy and engineered risk expertise and products – to empower your company against the exposures facing your business.

Power on, with full protection.

Benefits of Energy Property Insurance with AIG

Energy Industry Specialization

AIG’s energy insurance underwriters are known for deep, specialized knowledge and expertise that comes from firsthand experience in the energy industry. We customize coverage solutions and loss engineering services to meet the needs of each business.

Custom Service and Worldwide Protection

We partner with our clients to develop customized service plans, and we’ll meet your needs where you do business: onshore and offshore. We’ll help identify your unique exposures, with dedicated energy experts performing on-site inspections using industry-leading analytical models.

Onshore Operational Property Coverage Details

Policy Amounts

Up to $1.25 billion per occurrence on a worldwide basis

Available Coverage

All-Risk Property, which can include boiler & machinery insurance
Costs to repair or replace damaged equipment
Business income lost due to total or partial business interruption
Extra expenses to sustain normal operations, such as temporary equipment rental costs
Expenses incurred to speed repair or replacement of damaged equipment
Interruption of electrical service or other utilities that results in business interruption or spoilage

Additional Details

Certified jurisdictional inspection service of boilers and pressure vessels

Oil Rig Coverage Details

Policy Amounts

Up to $250 million on any single occurrence, any one location, all interests combined

Available Coverage

Land rigs and miscellaneous property

Additional Details

Flexible package programs, including multiple offshore coverages

Manage Your Risk

Help Prevent Losses From Happening

Explore AIG’s comprehensive Global Property offerings for energy companies, including specialized products and services for oil and petrochemicals, power generation and utilities, chemicals and pharmaceuticals, oil rigs, including upstream exploration and production, construction, and mining and related industries.

Loss Prevention Engineering

Complement your property insurance coverage with practical risk management solutions. Our industry experts provide comprehensive on-site property reviews to help you assess risks, manage safety programs, and protect your bottom line.

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AIG Property Insurance Experts Are Here to Help

Learn how AIG’s customized solutions can help you manage risks and maintain business continuity.