Why choose IOA for energy industry insurance?
Our brokers guide you through evaluating your current and future liabilities to develop a comprehensive risk transfer program that provides your business financial stability in case of loss. We take a thorough and creative approach to provide custom coverage against unnecessary exposures.
Built on time and trust, our energy division enjoys strong relationships not only with our clients but also with the top-tier insurance carriers that provide the best solutions for the industry. Whether your business is involved in onshore and offshore construction or biofuels and renewable energy, our goal remains the same: we focus on your risk so you can focus on the success of your business.
Our energy industry insurance markets
Bio-fuels and renewable energy
Drilling and workover contractors
Energy service and manufacturing
Independent power and utilities
Mining
Onshore and offshore construction
Onshore and offshore exploration and production
Pipeline, storage, and transportation
Refining and petrochemical
Energy industry insurance products
Commercial property
Commercial property insurance safeguards physical assets, including buildings, equipment, and inventory, against risks like fire, theft, and natural disasters.
Directors and officers
Directors and officers’ insurance protects company leaders from personal liability for decisions made on behalf of the organization.
Employment practices liability
Employment practices liability insurance protects businesses against claims arising from workplace disputes.
Workers compensation
Workers compensation insurance covers employees’ medical expenses and lost wages resulting from work-related injuries or illnesses.
Equipment breakdown insurance
Equipment breakdown insurance covers repairing equipment, replacing damaged assets, and recovering from business losses caused by machinery failure.
Bonds and surety
Bonds and surety insurance guarantee the performance or obligations of businesses, offering financial protection for contracts, compliance, or legal requirements.
Construction
Construction insurance provides specialized coverage for the unique risks contractors and construction firms face, from property damage to job-related injuries.
Inland marine
Inland marine insurance protects movable or specialized business property, such as equipment, tools, and goods in transit, against loss or damage.
Environmental
Environmental insurance safeguards businesses against liabilities related to pollution, contamination, and other environmental risks.
Excess liability
Excess liability insurance provides additional coverage above the limits of underlying policies, offering extended protection against high-value claims.
Executive and financial risks
Executive and financial risk insurance includes coverages like directors and officers, fiduciary liability, and crime insurance, designed to protect businesses and executives from financial and managerial liabilities.
General liability
General liability insurance covers bodily injury, property damage, and personal injury claims arising from business operations.
Business income
Business income insurance safeguards businesses by covering income loss due to disruptions, ensuring financial stability during recovery.
Trade credit and political risk
Trade credit and political risk insurance protects businesses from financial losses due to customer insolvency, non-payment, or adverse political events.
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