Energy Insurance
Canopius’ team of experienced underwriters, risk engineers and claims specialists provide comprehensive Energy insurance coverage and risk transfer to our Energy clients.
Coverage for first and third-party exposures are written through our Lloyd’s Syndicate 4444 by our team of experts based in London and Singapore. Recognised as market leaders, Canopius supports clients engaged in the following Energy sectors:
- Upstream
- Midstream
- Downstream
- Renewable

What it covers
- Business interruption
- Costs associated with debris removal and well control
- Legal and contractual liability to third parties
- Loss or damage to physical assets
- Specialist coverage, including operators’ extra expense (eg well blowout recovery)
Who it’s for
- Companies involved in oil and gas exploration and development
- Contractors and developers in the energy sector
- Drilling contractors
- Electricity interconnectors
- Operators of renewable energy projects
- Refiners and petrochemical manufacturers
- Transportation and storage companies involved in the energy value chain
- Upstream and downstream oil and gas companies
What sets us apart
Our empowered specialists take a consistent approach to both underwriting and claims to ensure our clients are directly in touch with decision makers.
Longstanding and market recognised team of lead underwriters in their respective disciplines supported by risk engineering and claims expertise.
Canopius is committed to supporting Energy clients with integrated risk profiles across the Energy insurance market cycles.
Internal risk engineering expertise ensures underwriting and claims understand the technical aspects of our clients’ risks and can be deployed to advise clients on risk mitigation.
FAQs
-
Energy insurance is a generic term for insurance coverage afforded to companies involved in the energy sector. It encompasses traditional energy sources such as the exploration, development, transportation and refining of oil and gas, petrochemical production and thermal power production. It also includes power production from renewable or sustainable resources such as solar, wind or battery storage technology.
Carriers will offer a range of insurance products offering their clients protection against:
- Legal and contractual liabilities to third parties
- Loss or damage to their physical assets and subsequent interruption of revenue or fixed costs
- Specialist coverage such as operators’ extra expense. This would cover the cost of regaining control of oil and gas wells that suffer ‘blowout’.
Canopius will typically offer coverage throughout the lifecycle of an energy project through the construction, testing, and commissioning phase and thereafter during the operational phase, normally on an annual basis.
-
The Upstream Energy insurance market provides insurance solutions to companies primarily involved in the exploration and development of the oil and gas industry. For example, oil lease operators and drilling contractors.
The market protects clients from risks in drilling operations during the exploration and development of oil and gas reservoirs. It also safeguards against risks in the extraction and transportation of hydrocarbons to market.
This insurance can include:
- Business interruption
- Coverage for damage to assets and equipment
- Legal and contractual liability to third parties and cost of well control
- Removal of debris
-
The Downstream Energy insurance market provides insurance solutions to companies involved in refining crude oil, gas processing, LNG, and petrochemical manufacture. The market offers coverage for physical damage to business interruption arising insured assets. This includes the storage of and transportation of the products to the point of sale.
This insurance provides indemnity for loss incurred by clients from incidents like pipeline leaks, storage tank failures, and fire and explosion at refining and processing facilities.
-
Renewable Energy insurance concerns the provision of specialist coverage tailored to the needs of developers, finance parties and contractors developing and operating renewable energy projects. This may include facilities such as wind farms, solar installations, and battery storage plants.
It provides protection against the unique risks associated with these projects, including damage to equipment, business interruption, and liability related to renewable energy projects while under construction and when operating.
Latest Canopius energy news
Canopius Launches a Bespoke Cyber Insurance Product Tailored for the Energy Sector
London, 25 March 2025 – Canopius announces the expansion of its bespoke cyber insurance product tailored to the energy and utility sectors. Building on more...
Find out more