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

 

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.

Energy Property Claims Advantage

With unparalleled expertise, technical knowhow and investment in innovation, our dedicated team of adjusters and examiners located throughtout the U.S. and Canada, know the best guidance to give and stand ready to respond 24/7 to help clients get back on their feet faster.

Read more on Energy Property Claims

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 $500 million 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

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

Operator’s extra expense (control of well)

Hull and machinery

Business interruption or loss of production income

Offshore physical damage

Additional Details

Flexible package programs, including multiple offshore coverages