Energy

Specialist risk and insurance solutions for the energy production industry

Energy production is arguably one of the highest risk industries in the world. It underpins modern society and helps bankroll entire nations – ours included. In the UK alone, oil and gas energy production today employs around 440,000 people¹ and in 2011, helped boost our balance of trade by over £30 billion². In today’s terms, oil and gas energy exploration and production has contributed a staggering £293 billion in UK tax revenues since the early 1960s³. Renewables are an increasingly important operational and political element in the energy mix – by 2015 the global market is forecast to be worth over £300 billion⁴.

So whether it’s across exploration, resources, people, technology, environmental and safety factors to the supply chain, finance or Research & Development, we know the risks your business faces are complex and multi-layered. When you add regulatory pressure, price fluctuation and geo-political considerations into the equation, it’s becomes abundantly clear that working with a risk management and insurance broking partner who understands all the risk implications of what you do is the only viable option.

Risk is a key part of your business: but risk is our business. We have many clients in the oil, gas and renewables sectors and provide exceptional access into marine and non-marine insurance markets. This helps us deliver the insight, empathy and innovation that ensure your range of insurance policies are uncomplicated, competitive, efficient and cost effective. It also provides you with on-tap expertise from people who take the time to understand your business and your processes at the in-depth level of detail you demand.

We go further to tailor oil, gas and renewable energy insurance solutions that fit every contour of your business – whether you’re an international corporate or a one-man contractor. Value and performance plus a core focus on service and relationship development underpin all that we do. We work with the leading specialist underwriters to place bespoke oil, gas and renewable energy insurance policies that close the gaps and respond to emerging risks. It’s a point of principle that we deliver the high performance people, investment, asset, liability and environmental insurance cover you demand – simply, efficiently and effectively.

For all your oil, gas and renewable energy insurance protection, simply come and talk to us.

If you’d like to discuss how we can help add value, agility, performance and protection to your energy insurance portfolio, then call 0800 612 6223 or email ib-enquiries@theovalgroup.com.

1-3 Oil and Gas UK: Economic Report 2011.
4 BusinessWire, June 2011