Energy Insurance
Comprehensive energy insurance solutions tailored for Oil & Gas and Renewables sectors—designed to protect operations across upstream, midstream, onshore and offshore environments.
Energy Insurance Market
Energy insurance is often classified as energy and marine insurance. At WealthGuard Insurance Group LLC, we specialize in upstream insurance and midstream insurance for the marine and energy market. Upstream and offshore energy insurance typically emphasizes production and sourcing of energy, rather than downstream energy industry applications.
Coverage
WealthGuard marine and energy insurance coverage typically includes a custom package of energy casualty insurance (also known as energy liability insurance), energy business insurance, as well as property insurance coverage as relevant for business activities.
Our international energy insurance solutions focus on the Americas, including North America (United States, Canada, Mexico), Central America, and South America.
If you are a broker looking for solar insurance, solar contractor insurance, or an offshore insurance company, we would be glad to discuss energy options through WealthGuard Insurance Group.
Renewable Energy Insurance
Renewable energy insurance can also be referred to as green energy insurance or alternative energy insurance. Growing categories of renewable energy insurance include solar insurance and wind energy insurance. Learn more about these insurance options below.
Solar Insurance
Solar power insurance can include solar energy contractors insurance, as well as coverage for solar production companies and solar equipment companies. Commercial solar insurance typically includes both property and casualty elements, which can vary according to the specific solar energy businesses and locations that require coverage.
Offshore Wind Insurance
Offshore wind insurance and onshore wind insurance are growing industry categories with unique coverage needs. WealthGuard Insurance Group's energy insurance program offers innovative energy solutions that accommodate the complexities of these unique risks.
Alternative Energy Contractors Insurance
Contractors who serve alternative and renewable energy companies are also eligible for coverage under the WealthGuard WestSpur Energy program. Contact WealthGuard for specific details of contractor operations and requirements.
Renewable Energy Insurance Quotes
Are you a broker looking for renewable energy insurance quotes? WealthGuard Insurance Group can provide a quote for qualifying risks using standard Acord applications, our energy supplemental application and/or questionnaire, and loss runs.
To request a quote, fill out our Programs Contact Form or email sales@wealthguardig.com.
Oil and Gas Insurance
WealthGuard options for oil and gas insurance coverage include upstream and midstream oil and gas insurance.
Coverage can include:
- Oil & gas owners and lease operators
- Oil lease property insurance
- Oilfield contractor insurance for oilfield service contractors
- Oilfield equipment insurance
- Oilfield equipment manufacturers
- Control of well insurance
- Subsea operations
- Natural gas operations
Control of Well Insurance
Control of Well insurance coverage can be included within your oil and gas insurance package through WealthGuard. While control of well insurance companies can write standalone policies, WealthGuard can make this available as part of a coverage package to allow for complete and comprehensive coverage under a single policy.
What is control of well insurance?
Control of well insurance covers potential costs associated with regaining control of a well after a well blowout. Coverage can include pollution and cleanup up after deductible and up to a specified limit, and can include expenses coverage for any well operation costs required to stop spillage and restore the well to service.
Natural Gas Companies & Natural Gas Pipeline Insurance
Natural gas operations and natural gas line insurance can be considered a form of midstream energy insurance, and is an eligible risk for the WealthGuard West Spur Energy program.
Oil and Gas Insurance Brokers
As a wholesaler and MGA, WealthGuard Insurance Group works with oil and gas insurance brokers to place insurance for energy companies. Please note that while WealthGuard works with offshore insurance companies, WealthGuard is not an offshore captive insurance company.
Appointment for Energy Insurance Brokers
An energy insurance broker can work with WealthGuard on behalf of their client to access energy insurance carriers that offer coverage based on their client's needs.
Energy insurance brokers can contact WealthGuard Insurance Group to request appointment information during the quote process. Producers can submit quote requests prior to appointment confirmation.
Midstream and upstream insurance brokers, renewable energy insurance brokers and oil and gas insurance brokers are eligible to apply.
Texas Energy Insurance Program
Renewable energy insurance brokers and oil and gas insurance brokers who are looking for a Texas energy insurance program can contact WealthGuard Insurance Group for more information about Texas energy risk solutions through the WealthGuard WestSpur Energy Program.
As a Coverholder at Lloyd's based near Houston, Texas, WealthGuard Insurance Group is uniquely positioned to manage upstream and midstream energy risks in Texas, for both renewable energy and oil and gas operations.
FAQs
What does energy insurance cover?
Energy insurance typically offers property and casualty coverage for an energy insurance business. Additional coverages can be included based on the unique needs of the business. Coverages included in the WealthGuard WestSpur Energy program include Operators Extra Expense, Physical Damage, General Liability and Follow Form Excess.
What is energy insurance?
Energy insurance coverage offers risk solutions specific to business that operate within the energy sector, including property and liability risks related to the production of energy and potential pollution impact of these highly regulated industries.
What is offshore insurance?
Offshore insurance meaning, as in offshore insurance coverage, refers to the insurance for upstream energy production in sea or subsea environments. This type of coverage is specifically designed to accommodate the risks of non-land energy production operations, and can accommodate both offshore renewables such as wind energy and offshore oil and gas operations.
An offshore insurance company or offshore insurance carrier is a company that offers an offshore insurance policy for businesses that specialize in offshore energy operations such as offshore equipment, contracting and offshore energy production.
Highlights
To learn more about WealthGuard's Energy insurance options, contact WealthGuard below.