Oil Rigs & Terminals
Specialist Risk Management for Critical Energy Infrastructure
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Oil rigs and bulk liquid terminals form the backbone of global energy supply chains, but their exposures are distinct and demand tailored solutions. At SRMG, we structure insurance and risk programs that protect capital assets, workforce safety, and operational continuity under the most stringent regulatory frameworks.
Oil Rigs – Offshore Energy Risk
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Drilling and production rigs face some of the most complex risks in the industry. We address exposures including:
1
Control of Well & Blowout Protection
Mitigating catastrophic drilling losses.
2
Operator’s Extra Expense (OEE)
Covering containment, clean‑up, and re‑drilling costs.
3
Hull, Machinery & Equipment
Safeguarding offshore platforms, drilling units, and subsea assets.
4
Employer Liability & Crew Safety
Compliant coverage under Jones Act, USL&H, and international labor frameworks.
5
Catastrophic Event Cover
Parametric and excess‑of‑loss solutions for hurricanes, earthquakes, and systemic failures.
Onshore Storage & Transfer Risk
Terminals face operational and environmental exposures that differ sharply from offshore rigs. Our programs focus on:
1
Pollution & Environmental Liability
Tank leaks, pipeline ruptures, and accidental discharges.
2
Property & Catastrophe Protection
Storage tanks, pipelines, and loading arms secured against fire and explosion.
3
Business Interruption
Protecting revenue streams during regulatory shutdowns or accident‑related downtime.
4
Third‑Party Liability
Covering vessels, subcontractors, and contractors operating within terminal grounds.
5
Regulatory Compliance
Ensuring alignment with IMO, MARPOL, OSHA, and local port/state frameworks.
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Specialist Structuring – Programs engineered around sector‑specific exposures rather than generic energy insurance.
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Global Market Access – Placement through Lloyd’s and leading international carriers for deep capacity.
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Integrated Risk Advisory – Combining insurance placement with compliance support and scenario stress testing.
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Dedicated Claims Advocacy – In‑house teams coordinating with adjusters, surveyors, and legal counsel for swift, fair outcomes.