Oil & Energy

Energy sector coverage you need.
Oil & Energy

What's Covered?

Operational risks associated with gas plants, oil refineries, petrochemical facilities, fertilizer plants, and utilities require adequate insurance protection as the consequences in terms of physical damage and interruption losses in the event of an unfortunate accident will run into high figures.

The coverage provided here is for all forms of property damage including machinery breakdown with the resultant business interruption as well as ensuing liability coverage that may be required.

In view of the complex nature of the risk and the hazards associated with the operation of downstream plants, the information required from the insured will be an exhaustive one such as schedule of values, locations, details of operations, concentration of values at risk, past claims history etc.

Al Wathba Insurance can assist the customers with advice on suitable covers in this regard. Please contact us on Telephone for more information ask for call back.

What's Covered?

Onshore Construction Risks Insurance offers coverage for infrastructure projects such as oil, gas, power, and petrochemicals against physical loss or damage on an "All Risks" basis.

Coverage can include materials, machinery, equipment, temporary and permanent works, faulty design, workmanship, and guarantee maintenance, as specified in the policy.

In view of the complex nature of the risk, the information required from the insured will be exhaustive, such as schedule of values, locations, details of operations, concentration of values at risk, past claims history, etc.

Al Wathba Insurance can assist the customers with advice on suitable covers in this regard. Please contact us on Telephone for more information ask for call back.

What's Covered?

Offshore Construction All Risks Insurance offers coverage for physical damage or loss to contract works and Third Party Liabilities under the following two sections.

Al Wathba Insurance's Offshore Construction All Risks policy has two sections.

Section 1

Covers All Risks of Physical Loss or Damage to contract works, including temporary works. The Cover would include Builders Risks and cargo coverage, Sue and labor and removal of wreck for a separate limit, Removal of wreck and debris separate limit, Existing property, Expediting expenses, War etc. subject to waterborne agreement and Maintenance period.

Section 2

Covers Third party liabilities arising from operations for an agreed limit.

Rates, terms and conditions are influenced by trends in international market and based on following underwriting information:
  • Scope of work of the contract, including bar charts showing project time scale, design of the facility & method of transit/ installation at site.
  • Contract value broken down over major component parts, including pipelines if any.
  • Details of construction yard(s), contractors and suppliers of major component parts to be covered while in transit to main yard
  • Details of owner, including management experience, other operations, maintenance and safety procedures
  • Previous loss record of yard and/or construction contractors

Al Wathba Insurance can assist Oil Companies and Offshore Contractors with advice on suitable covers in this regard. Please contact us on Telephone for more information or ask for call back.

Interested in the Contractor’s All Risks?

Let us get in touch with you.

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Oil & Energy

Why Choose Al Wathba Insurance

30
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Frequently asked questions

How do I choose the right insurance plan?
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The right plan depends on your needs, lifestyle, and level of protection you’re looking for. Our solutions are designed to be flexible, so you can choose coverage that fits you best

How can I get a quote?
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You can get a quote online in just a few minutes by entering basic details. Alternatively, you can reach out to our team or one of our trusted partners for assistance.

Can I customize my insurance coverage?
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Yes, many of our plans offer flexible options and add-ons, allowing you to tailor your coverage based on what matters most to you.

What documents are required to purchase a policy?
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Typically, you will need identification documents and relevant details depending on the type of insurance. The exact requirements will be shared during the quote or purchase process.

How long does it take to process a claim?
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Claim processing time depends on the type and complexity of the claim. We aim to handle all claims as efficiently and transparently as possible.

Can I renew my policy online?
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Yes, most policies can be renewed online quickly and easily. You will receive reminders before your policy expires to ensure continuous coverage.

What happens if I need to make changes to my policy?
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You can request changes to your policy at any time. Our team will guide you on what can be updated and any applicable terms.

Is my information secure?
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Yes, we take data privacy and security seriously. Your information is handled with strict confidentiality and in line with regulatory requirements.

Who can I contact for support?
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Our customer support team is always here to help. You can reach us via phone, email, or digital channels for any assistance.

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