Energy Midstream

What we offer

Repair and replacement costs following physical damage to property – specifically gas plants, LNG terminals, storage facilities.
Gross or net earning basis business interruption

Limits available up to US $50,000,000

How can we help

To offer a quotation, we require details of the scope and nature of the assured's activities, the coverage required and a claims record.

We use our wealth of knowledge and expertise (over 70 years), to form longstanding relationships with brokers and clients around the world.

We have an experienced, expert claims team with over 100 years’ experience, that is recognised as a market leader in handling energy claims worldwide.

Dependable, high quality claims service has been at the heart of Beazley’s business since being founded in 1986.

We focus on five areas that we know matter greatly to brokers and clients:

Expertise

Responsiveness

Partnerships

Fairness

Accountability

In each of these areas we aim to provide a service that will exceed our clients’ expectations and endorse the brokers good judgement in having recommended Beazley to their clients.

The Beazley Difference

BEING BOLD

Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.

STRIVING FOR BETTER

Good is a start, but we go all-out for better. A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond. Simply put, at Beazley we go to 11.

DOING THE RIGHT THING

Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team. Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.

Examples or Scenarios

A midstream company experiences a fire and subsequent damage to their cryogenic gas plant during operations. The employees evacuate the area and the appropriate actions are taken to extinguish the fire. Due to the extent of the damage, operations are temporarily halted in order to carry out repairs to get the plant back operating as it did prior to the loss. Once we are notified of physical damage and business interruption claims we will work with our Insureds, their broker and the appointed loss adjusters to establish the chain of events, the extent of the covered loss and appoint the costs as quickly and efficiently as possible.