Natural Resources industry insurance

Protect your operations with specialist Natural Resources insurance solutions.

The natural resources sector operates with significant capital investments, complex operational processes, and exposures that require tailored underwriting expertise.

We work closely with brokers to perform a holistic risk assessment that considers factors such as extraction methods, environmental exposures, regulatory requirements, and operational locations. Based on this we create a bespoke policy that provides you with comprehensive cover, mitigating risks and supporting your financial stability.

Natural Resources industry insurance products

Canopius offers the following insurance products tailored to the natural resources industries:

Our tailored insurance products

Canopius offers the following insurance products tailored to the natural resources industry:

Upstream Energy Insurance

Protect your exploration and production operations with coverage for upstream oil and gas activities. Our solutions cover drilling operations, reservoir development, and offshore installations.

Downstream Energy Insurance

Protect your refining, processing, and distribution operations with tailored coverage. We cover downstream facilities including refineries, pipelines, storage terminals, and distribution networks.

Mining & Metals Property Insurance

Protect your mining operations and industrial assets with property damage and business interruption cover. We understand the specialist risks of extraction, processing, and mineral handling operations.

Chemical Insurance

Manage the complex risks of chemical manufacturing, storage, and transportation. Our policies cover product liability, pollution exposure, and process risks.

Power & Renewables Insurance

Support your energy transition with insurance for conventional power generation and renewable energy projects. Our coverage includes wind farms, solar installations, hydroelectric facilities, and thermal power stations.

Cyber Insurance

Our cyber insurance solutions cover data breaches, ransomware attacks, business interruption from cyber incidents, and regulatory penalties. We help you manage the growing intersection of operational technology and cyber risk.

Crisis Management Insurance (Sabotage & Terrorism)

Protect your operations against deliberate acts of sabotage and terrorism with specialist crisis management coverage. Our policies cover business interruption, asset damage, and incident response costs from malicious acts.

General Liability Insurance

Cover your third-party liability exposures across all natural resources operations. Our general liability solutions cover bodily injury, property damage, and legal defence costs arising from your business activities.

Marine Cargo Insurance (Project Cargo)

Protect high-value project cargo during transit to remote or difficult locations. Our project cargo coverage covers oversized equipment, heavy machinery, and specialist components essential to your natural resources operations.

Why choose Canopius?

Canopius Syndicate 4444 is the largest in Lloyd's of London with a £2.55 billion capacity

We have built our trust and reputation across the globe offering insurance expertise, from the largest capacity in London to the single largest Lloyd’s syndicate in APAC.

Our reinsurance and US business are tailored to meet your needs as a bespoke insurance provider, offering distribution partners a variety of underwriting platform solutions to suit each client.

More than 20 years of experience

Backed by more than 20 years of experience, we have built a reputation for delivering tailored natural resources insurance solutions that protect your investments and manage complex portfolios across diverse operational environments.

In 2024, the Canopius Group wrote $3.53 billion (USD) of insurance contract written premium

With a portfolio exceeding $3.53 billion in annual gross written premiums, our syndicate is trusted globally to provide robust and reliable coverage for a wide range of natural resources risks.

Our specialists provide coverage for

Chemical manufacturers and processors
Coal mining operations
Gas processing and LNG facilities
Geothermal energy developers
Hydroelectric power companies
Metal and mineral extraction companies
Oil and gas exploration and production companies
Petroleum refineries
Quarrying operations
Renewable energy developers (wind, solar, biomass)
Solar farm operators
Thermal power stations
Wind farm developers and operators

Each policy is tailored to your business to give you peace of mind.

Natural Resources industry insurance FAQs

Natural resources insurance is specialist coverage for businesses involved in the extraction, production, processing, or management of natural resources.

This includes coverage for operational risks, environmental liabilities, property damage, business interruption, and regulatory exposures in sectors such as mining, oil and gas, chemical manufacturing, and renewable energy. Coverage is tailored to the unique risks of each subsector.