Downstream Energy Insurance
Downstream energy insurance helps safeguard the assets and operations of companies involved in refining, processing, and distributing oil, gas, and petrochemical products. This specialised insurance coverage is designed to address the unique risks and challenges faced by businesses in the downstream sector.
Downstream energy insurance provides comprehensive protection against a wide range of potential losses, including:
- Physical damage
- Business interruption and contingent business interruption
- Losses during transportation or storage of products
Downstream energy insurance helps mitigate the financial impact of unforeseen events such as fires, explosions, natural disasters and equipment failures.
With downstream energy insurance, you can enhance your financial stability and support safe and sustainable energy supply chains.
Our target risk
We provide comprehensive downstream energy insurance coverage for:
- Refining
- Gas processing
- Petrochemicals
- Liquified Natural Gas (LNG)
- Renewable diesel and biofuels
- Transportation and storage
By customising solutions for each account, we ensure that insurance and reinsurance programmes align precisely with your unique business needs.
Working closely with upstream and midstream colleagues, we create comprehensive programmes that cover a wide spectrum of risks associated with your business.
Why choose Canopius?
Contact us
Please speak to one of our specialist underwriters to learn more about our Downstream Energy Insurance services. We are here to help you find the best solutions for your business.
FAQs
What is Downstream Energy Insurance?
Downstream energy refers to the process involved in refining, processing, and distributing oil, gas, and petrochemical products to market places. This sector includes activities that occur after the production phase, such as refining crude oil into gasoline, natural gas liquids, diesel, and other energy sources. Companies in the downstream sector are responsible for bringing these usable products to end-users, including oil refineries, petroleum product distributors, petrochemical plants, natural gas distributors, and retail outlets
In the context of insurance, downstream energy insurance provides coverage for companies involved in these refining and distribution processes. It offers protection against physical damage, business interruption, a arising from incidents like pipeline leaks, storage tank failures, and fires or explosions at refining and processing facilities
Who needs Downstream Energy Insurance?
Downstream energy insurance is essential for companies involved in the refining, processing, and distribution of oil, gas, and petrochemical products.
These companies face unique risks such as pipeline leaks, storage tank failures, fires, explosions, and natural disasters. Downstream energy insurance provides comprehensive coverage to protect against physical damage, business interruption, and liability claims arising from these incidents
How does Downstream Energy Insurance handle business interruption and loss of profits?
Business interruption provides client cover for loss of profits and/or fixed costs and/or debt servicing incurred as result of a physical loss or damage they have incurred and consequently cannot operate their facility as designed.
