Energy & Utilities

Loss of energy revenue

Can compensate an energy producer when equipment failure, weather or other disruption leaves output or revenue below expected levels.

Can include shortfall in revenue, fixed overhead and contract penalties

Offshore energy

Typically protects platforms, rigs and pipelines at sea for offshore oil, gas and renewable projects, together with related liability and pollution exposures.

Can include damage to property, business interruption, liability exposure and pollution

Nuclear energy

May respond to injury, decontamination and liability claims after a nuclear incident, commonly through an operator pool or a government program.

Can include nuclear accidents, damage to the environment and liability to third parties

Renewable energy

Usually insures solar, wind, hydropower and bioenergy projects against storm damage, equipment failure, lost revenue and environmental liability.

Can include damage to property, equipment malfunction, environmental claims and late start-up

Energy exploration and production

Often covers damage, liability and downtime when fire, explosion or disaster strikes rigs, pipelines and storage tanks.

Can include damage to property, business interruption, liability exposure and operations at sea

Environmental liability

Typically pays for pollution cleanup, restoration of affected areas and liability claims after an incident involving hazardous substances.

Can include pollution releases, remediation and cleanup, claims by third parties and defense of claims

Machinery breakdown

Generally pays to repair or replace generating or processing equipment that fails, and for the resulting loss of income.

Can include mechanical faults, electrical faults, replacement or repair and lost earnings

These guides describe types of insurance in general. The right coverage depends on your operations and the terms of the policy issued. Pasaca’s featured lines are cyber insurance, directors and officers (D&O) liability insurance, product liability insurance and aviation insurance.