oil & energy insurance policy


Oil & Energy insurance covers all operations and assets relating to the; exploration, exploitation, drilling, refining, storage and transportation of oil, gas or other energy resources.


It also includes the insurance of Petrochemical risks such as insurance of assets, operations and liabilities arising out of production and consumption of intermediate and final products of chemical derived from Gas and Crude Petroleum.

The purpose of the policy is to protect all parties against the financial consequences of accident, which may lead to injury to workmen and third parties in addition to loss or damage to properties.


The main activities within the oil industry come under the following:

  • Exploration
  • Drilling
  • Production
  • Transportation {offshore tanker loading activities & road haulage}
  • Oil and gas processing
  • Refining
  • Marketing {of crude oil & refined products}


  1. International Oil Companies
  2. Independent Power Plants
  3. Government
  4. Petrochemical Industries
  5. Upstream Operators
  6. Downstream Operators


Risk in Oil and Energy Industry includes; Oil risk and Non-Oil risk as itemized below;


  • All risks {Physical loss/damage}
  • Cost of well control {against blowouts}
  • General third party liability {including seepage & pollution, chatterers & aircraft refueling}
  • Marine risks {Cargo and equipment and P & I}
  • Construction/erection all risks {builders all risks}
  • Business interruption
  • Machinery breakdown and boiler insurance
  • Seepage and Pollution
  • Operators Extra Expenses
  • Insurance of Power Plants
  • Environmental Damage Insurance
  • Other Exploration and Production Risk


  • Employer’s Liability/Group Personal Accident
  • Motor
  • Goods in Transit
  • Group life/pensions/Annuity

A Hilltop Insurance Brokers Limited has access to all of the major oil & gas insurance markets both locally and internationally.

With dedicated energy insurance teams serving both the onshore and the offshore oil and gas industries, Hilltop Insurance Brokers offers a flexible and customized approach for the most demanding global energy insurance challenges.

Supported by one of the most experienced claims and risk consulting teams in the energy insurance business, we pride ourselves on our fast decision making and flexible approach to our clients’ challenges.

Our clients cover the full spectrum of the energy insurance industry, including upstream, midstream and downstream operations and assets: