The energy team provides all risks of physical loss or damage cover for a wide range of downstream operations and products including LNG, ammonia, MTBE and other pertochemicals, as well as power generation, transmission and distribution.

Coverage includes:

• Machinery breakdown
• Strikes, riots and civil commotion, acts of terrorism and political risks
• First party clean up
• Expediting expenses
• Demolition costs
• Transit
• Resultant business interruption/contingent business interruption (link to Loss of Hire/Business Interruption//Loss of Production Income page)
• Construction risks.

The minimum details required to offer a premium indication are as follows:

• Up to date property values and locations
• A five year loss record (losses should be shown from the ground up or should show the applicable deductibles)
• Recent surveys and estimated maximum loss studies
• Description of operations covering a brief company history, an outline of the processes taking place at the site(s)and the age of the plant(s)
• Details of management experience and philosophy, maintenance regimes and fixed and mobile protections available to the site(s)
• Expiring terms, conditions and wording (if available)
• Business interruption values (including details of interdependency between other owned and third party facilities). If contingent business interruption coverage is required details of the exposure to suppliers and customers should be given along with any mitigating factors that should be taken into account such as alternative feedstock supplies