The energy sector is changing rapidly and involves a great deal of risk. Energy companies utilize complex infrastructure, often located in hazardous environments, and must operate safely day in, day out.
Chubb works closely with traditional and renewable energy providers to ensure they have the necessary property, liability, and business coverage to meet their specific challenges. We have the ability to work with our agents/brokers and customers to customize their insurance needs.
Meet our Climate+ Leader
Chubb supports four main areas of the energy industry
We cover surface and underground operations, non-thermal coal mines, precious metal mines, non-metal mines and mining processors.
Chubb’s Energy Industry Practice understands the complex spectrum of risks experienced by large companies in today’s energy sector. Our global operation in 54 countries and territories positions us to support today’s energy industry with best-in-class products, risk management services, and claims handling capabilities.
Chubb is proud of its 30+ year involvement in the energy industry. It has enabled us to develop a level of expertise in risk engineering which is second to none in protecting our clients’ people and property while growing their business.
A leading supplier of coverage to both traditional and alternative forms of energy, we bring expert guidance and consistent underwriting every step of the way.
We work to understand your business and where you’re headed so we can be proactive about meeting your needs. Whether your business is big or small, we invest in getting to know you, your team, and your customers. The goal: to help you see ahead, be ahead, and stay ahead.
Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always striving to help clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to helping solve your risk challenges.
Chubb has served clients and partnered with leading organizations for more than 200 years. Our longevity, expertise, and financial strength are the bedrock of our business. That’s why 95% of Fortune 1000 companies are Chubb insured.
Our risk engineering team provides a consulting service to help clients determine their carbon footprint and identify opportunities to reduce their emissions and resulting climate impact. We can also help model the exposures faced by your business operations to climate-related risks, such as windstorms, flooding, and wildfires.
We can provide scalable insurance solutions to meet a broad range of requirements, as well as customized coverage programs for large-scale and multinational clients. Our primary casualty, excess liability, and financial lines have specialist underwriting teams. And our cleantech industry practice offers expertise in all renewable energy technologies.
At Chubb we are fully aware of the reality of climate change and the impact we are having on our planet. We encourage and expect a transition to greater reliance on alternative and renewable fuel solutions to meet our energy needs.
In accordance with our policies, we will generally not underwrite risks related to the construction or operation of new coal-fired plants. Nor will we underwrite new risks for companies that generate more than 30% of revenues from thermal coal mining, or for companies that generate more than 30% of their energy production from coal.
Yes. Chubb offers upstream energy coverage for oil and gas companies and their contractors. Visit our site to learn more .
