From the Piper Alpha and Exxon Valdez disasters to flaming oil wells or Hurricane Ike’s destructive path through the Gulf of Mexico in 2008, Hiscox has helped to meet the costs of some of the world’s worst marine and energy incidents.
We cover all parts of the oil and gas industry from construction to full operation, and all parts of the shipping industry from fishing vessels to tankers and container ships, as well as port and terminal operators. We have three main products, all of which are available to customers worldwide.
Marine hull
We insure almost all types of vessels: cruise ships, oil tankers, gas carriers, bulk carriers, container vessels, tugs, supply vessels, heavy lift vessels, and oil-field support vessels as prime examples. We underwrite all the risks you would associate with a traditional marine liability account, including protection and indemnity; port authorities, terminal operators and stevedores; maritime employers’ liability; and specialist operations such as dredging, cable laying and seismic activities.
Energy liability
We insure upstream energy companies of all sizes, including drilling contractors, for all types of risk. Typical cover includes damage from fire, lightning, explosion, windstorm, or earthquakes, and well control costs.
Upstream-midstream energy
We insure companies of all sizes in all areas of the oil and gas industry, from drilling contractors to exploration, production and distribution. Typical cover includes physical damage; well control; business interruption; third-party liability; and construction for fixed platforms, pipelines and fleets.