All-Risk Property Insurance provides property damage, including boiler and machinery coverages, business interruption, and extra expense for energy and energy-related businesses including oil and petrochemical, power generation & utilities, chemical, construction, process industries, and mining companies.
- Provides financial protection for direct physical loss or damage to your company’s physical assets as a result of fire, flood, wind, earthquake, machinery breakdown, explosions and a host of other perils
- Types of property that can be insured are buildings, machinery and equipment, boilers and pressure vessels, stocks and supplies, raw materials, finished goods and products
- Indirect coverages available, including Business Interruption and Extra Expense
- Available limits among the highest in the industry - Up to $200 million in capacity
- Global Risk management and risk transfer solutions for accounts of any size
- Worldwide underwriting, engineering, loss control and claims services provided by energy industry specialists
Our engineers average nearly 25 years of combined experience in disciplines such
as chemical, petroleum, electrical, mechanical, civil and fire protection engineering.
Our loss control consultants and engineers are skilled in identifying hazards unique to
energy and energy-related operations.
Situated locally around the world, our engineers also speak the local language and
are well versed in local, national and international codes and standards. They perform
comprehensive risk evaluations and recommend solutions that combine cutting edge
thinking and common sense practicality to mitigate exposures. Specialized services include:
Property and Boiler & Machinery/Machinery Breakdown Risk Assessment
We have one of the industry’s largest and most experienced teams focused on assessing
property and boiler and machinery related exposures, including risks unique to hydrocarbon processing, power generation, pulp and paper, mining, and metal production and fabrication. Our highly skilled engineers are experienced risk specialists.
Jurisdictional Inspections – Through market-leader Hartford Steam Boiler Inspection &
Insurance Company (HSB), an AIG member company, clients have access to more than
350 certified inspectors throughout North America who perform over 500,000 inspections annually.
In addition to our core Property and Boiler and Machinery services we also provide:
-Thermography Services
-Transformer Oil and Gas Analysis – TOGA
-Fire Protection Plan Reviews
-Fire Protection Drawings – electronic and hard copy
-Fire Protection – Impairment Program
-Authorized Inspection Services
-Metallurgical assessments and failure analysis services
-Boiler water chemistry improvement programs
-Material Selection and design review
-Corrosion Control & Prevention Strategy Development
-Risk Based Inspection, Risk Assessment and Reliability Services Training
For more information please email energypropertylc-eng@aig.com.