Exploration and Production Insurance for Canadian Energy Companies

Exploration and production companies face a combination of operational, environmental, property and financial exposures that may not fit a conventional commercial insurance program.

SWS works with retail insurance brokers to pursue specialized insurance solutions for Canadian exploration and production companies, including established operators, privately owned businesses and start-up energy companies. Our team understands the information insurance markets require when assessing upstream operations and complex energy risks.

Coverage Built Around the Operation

The insurance needs of an exploration and production company can vary according to its assets, production activity, geographic footprint, contractual relationships and stage of development.

Coverage considerations may include:

• Commercial general liability

• Sudden and accidental pollution liability

• On-site pollution exposures

• Operator’s extra expense and control-of-well exposures

• Property and production equipment

• Boiler and machinery or equipment breakdown

• Business interruption

• Contingent business interruption

• Other project-specific or operational exposures

Coverage availability and terms depend on the individual risk, supporting information and insurer requirements.

Supporting Established and Emerging Energy Companies

Whether the client operates producing assets, is acquiring new properties or is preparing to begin operations, insurers need a clear understanding of the company’s activities and risk-management practices.

SWS helps broker partners organize and present information relating to:

• Current and planned operations

• Producing and non-producing assets

• Property and equipment values

• Contractor relationships

• Environmental controls

• Loss history

• Emergency-response and risk-management procedures

Specialized Market Access

Through relationships with domestic and international insurance markets, SWS helps retail brokers pursue coverage for exploration and production risks requiring specialized energy underwriting.

Our goal is to provide responsive placement support while protecting and strengthening the broker’s relationship with the client.