Petrochemicals & Chemicals

Contractor’s all risks (CAR)

Can respond to physical loss, third-party claims and delay on a construction or renovation project at a chemical site.

Can include damage to property, liability to third parties, machinery and equipment and delayed projects

Boiler and machinery

Typically pays for damage, lost income and extra costs after the sudden, accidental breakdown of boilers and process machinery.

Can include equipment malfunction, damage to property, business interruption and added expenses

Environmental liability

May cover cleanup and site restoration after chemical spills or emissions, along with injury and property damage claims from others.

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

Product liability

Generally responds to claims that a chemical or petrochemical product injured someone or damaged property through a defect or inadequate warnings.

Can include injury to people, damage to property and product defects

Cargo

Generally reimburses chemical or petrochemical shipments lost or damaged in transit, on an all-risk or named-peril basis.

Can include transit loss or damage, all-risk or named-peril basis, cross-border shipments and delays and contaminated loads

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.