Natural Resources and Construction Insurance

�鶹��ýapp Commercial specializes in providing comprehensive and customized insurance and inspection products, services and solutions for companies in the energy and construction industries.��Our experienced risk consulting, claims and underwriting teams have a wealth of technical excellence in managing engineering and energy risks around the world. Our solutions are flexible and tailored to meet the unique needs of each client.

We are well equipped to meet the most demanding challenges in the energy insurance landscape and are actively addressing climate change across all segments. In particular, we are focused on expanding our presence in renewable energy and green technologies, as well as contributing to the emerging global hydrogen economy.

From mid-sized contractors, to single engineering projects, to the most challenging construction projects, we provide comprehensive insurance and inspection solutions during both the construction and operational phases.

Natural Resources & Construction Insurance

Product description

Risks covered

Offshore Natural Resources
- Construction and Operational PD/BI/DSU
Onshore Natural Resources
- Operational PD/BI

EAR/CAR - Course of Construction
- Single Projects, Annual Policies/Open Covers including TPL, CPE, DSU
CECR / Operational Infrastructures (combined with CAR)
Inherent Defect Insurance (combined with CAR)
- Inherent Defect Insurance

Appetite

Offshore Natural Resources
- Oil and Gas E&P assets*
- FPSOs
- Offshore wind
Onshore Natural Resources
- Refining and petrochemical assets
- LNG processing
- Chemical fertilizer plants
- Renewables
- Wind
- Solar PV
- Hydrogen
- Hydro
- Carbon capture
- Conventional power plants
- Mining

EAR/CAR - Course of Construction
- Annual Policies / Open Covers (Contractors, Owners / Principals)
- Civil Engineering projects
- Buildings
- Manufacturing Plants (all industries)
- Oil & Gas (excluding Oil Sands)
- Mine Development (excluding thermal coal)
- Utilities
- Conventional Power (excluding coal)
- Renewable Energy (Onshore Wind, PV, Hydrogen)
CECR
Civil Engineering structures
IDI
Commercial IDI

Restricted/Limited

Thermal coal
Mine tailings dams
Underground mining
Tar sands
Waste to energy
Geothermal
Solar thermal
Stand-alone fracking
Stand-alone drilling and land-rigs

Coverages
- High Nat Cat areas (single risks and accumulation with open covers)
- High DSU exposures
- Unproven technologies
Occupancies
- Waste to Energy
- Biomass
- Hydro Power
- Underground mine development
- Timber / Wood frame construction

No appetite

EAR/CAR - Course of Construction
- Coal
- Oil Sands
- Geothermal Power Plants
- Solar Thermal Power Plants

IDI
- Residential IDI

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�鶹��ýapp Commercial will consider every risk on its own merit.��Capacity and coverage offered to individual clients subject to hazard, Nat Cat exposure, grading, terms & conditions.

The products and services described on this page may not be available in all �鶹��ýapp Commercial locations. This is for your general information only.��Please contact your local broker��for full information on local product availability.

Emerging Risk Trend Talk

Mass timber is critical to decarbonize the construction sector

Even if the material has many advantages, there are still risks such as fire, floods or earthquakes, that need to be mitigated.

�鶹��ýapp Risk Barometer 2024 | Expert risk article

Risk in focus: Natural catastrophes

In a sign that companies are feeling the impact of extreme weather and climate events, natural catastrophes rank #3, up three positions on last year.

Global I Press release

A cyber event is the top global business risk

�鶹��ýapp Commercial publishes the 13th annual survey of key business risks around the world, according to 3000+ respondents.

Report

�鶹��ýapp Risk Barometer 2024

The most important corporate concerns for the year ahead, ranked by 3,069 risk management experts from 92 countries and territories.

Global I Press release

Leadership change

Petros Papanikolaou will succeed Joachim Müller as CEO of �鶹��ýapp Global Corporate & Specialty SE and �鶹��ýapp Commercial.

Expert risk article

Earthquakes: predicting the unpredictable

�鶹��ýapp experts discuss the dangers earthquakes pose and the steps businesses can take to mitigate their impact.

Expert risk article

Extreme heat "is changing the rules"

As humanity nudges the global thermostat higher, what are the potential consequences for human health, the workplace, infrastructure, and industry?

Magazine

Global Risk Dialogue

We’re discussing the burning issues and emerging exposures in global risk management, designed to help you navigate through eventful times.

Expert risk article

The invisible energy highway

As insurer and investor, �鶹��ýapp is helping to power a key infrastructure project in the renewable energy space – the NeuConnect interconnector between Germany and the UK.

Report

Emerging Risk Trend Talk: Lithium-ion batteries

�鶹��ýapp Commercial’s risk consulting team (ARC) has published a new report focusing on some of the potential risks posed by lithium-ion (Li-ion) batteries.

Global I Press release

A turning point for offshore wind

In its new report, �鶹��ýapp Commercial highlights growth opportunities, tech innovations, risk trends, and loss patterns for the global industry.

Report

Offshore Wind Report

Our report identifies emerging trends and a number of risk challenges facing the sector as it prepares for global growth.

Learn more

Global I Press release

New Global Head of Construction at �鶹��ýapp Commercial

Darren Smart will join �鶹��ýapp Commercial as Global Head of Construction, reporting to Global Head of Specialty, Gordon Browne.

Global | Press release

Net-zero transition plan of �鶹��ýapp

�鶹��ýapp Group announces its first net-zero transition plan with 2030 intermediate targets for core business segments.

Article

Carbon capture and storage

Two significant projects coming online – and insured by �鶹��ýapp Commercial – show the potential of what may be an important transition technology towards net-zero.