As the energy industry continues to evolve and becomes more sophisticated, the Gallagher Energy practice brings together a global team to guide you through the current challenges and opportunities with customized risk management and benefit programs that protect your organization and promote stability. We help you meet your business goals, giving you confidence to face the future.

Energy insurance and risk management for a complex industry

From skyrocketing global energy demand to the ever-changing global regulatory environment and an ongoing shift to cleaner sources, the energy industry faces challenges on multiple fronts. Gallagher's Energy practice delivers global industry expertise, market knowledge and leverage to help you anticipate and manage risk exposures. We also provide comprehensive benefits and compensation plans, allowing you to attract and retain top talent. By collaborating with a network of specialist teams and using proprietary data and analytics, we're able to offer complete solutions that include customized policy language, well-thought-out program design, placement options and consulting support that meet and evolve with your needs.

We serve all facets of the energy sector — from producers to providers — and develop comprehensive risk management and HR strategies.

Our clients include:

  • Upstream
  • Midstream
  • Downstream
  • Power generation
  • Utilities
  • Renewables

Practical energy experience and knowledge that deliver for you

We understand the intricacies of your business because our team comprises insurance professionals from the energy industry. They include attorneys, analysts, engineers, risk managers, brokers, claim advocates and account managers who bring to the table the requisite experience and knowledge to support your insurance and risk management programs.

Our team members have an entrepreneurial spirit and build off their real-world industry experience to understand your risk management objectives, and they develop customized strategies that address your specific pain points. We're an extension of your team that you can rely on to provide cost-effective, strategic solutions to today's complex challenges as well as prepare you for those to come. We develop coverage and programs to meet your energy related needs, including:

  • Property
  • Casualty
  • Marine and cargo
  • Surety bonds
  • Operators extra expense
  • Cyber and data breach
  • Management liability
  • Professional liability
  • Environmental and pollution
  • Specialty solutions

Energy insurance solutions that support clean energy expansion

The renewables sector remains one of the fastest-growing energy segments, while the oil and gas and utility sectors face disruption as they modernize and decarbonize to lower greenhouse gas emissions. What's "insurable" is changing, with an expanding underwriting appetite and the creation of new risk-transfer products to support clean energy innovation.

Gallagher is playing a key role in addressing climate-related risks by arranging specialty programs that facilitate project development and help achieve low-carbon goals. Coverages include:

The benefits of partnering with Gallagher Energy

Total cost of risk approach

Our team has a strong history of reducing our energy clients' total cost of risk by taking a comprehensive, holistic approach using CORE360®. Our strategy involves thoroughly understanding your specific needs and leveraging that knowledge to create a customized risk management program based on your risk profile and actual and potential costs, to boost profitability.

We also collaborate with the Gallagher Specialty team to deliver the broadest scope of coverage at the best price.

Strong market leverage

Our deeply rooted relationships with domestic and international markets allow us to help clients secure the most effective insurance coverage, minimizing risk, enhancing market share and entering new markets. Our market-leading wording provides a competitive edge, supporting clients in reaching their business goals.

Direct access to global energy markets

By maintaining well-established underwriting relationships across the globe, we provide our teams and clients with direct access to major insurance hubs, with local broker partners spanning more than 130 countries.

Claims advocacy and loss control

We develop programs that reduce claims frequency and costs. Our network of claims advocates and loss control professionals is staffed with energy engineers and seasoned experts. They work closely with carriers to advocate for you and get your claims paid quickly. We aid you in proactively managing risk with customized loss control and risk engineering programs.

From claims management to employee engagement and recruitment, our industry specific benchmarking provides the data to help us deliver precise and effective solutions.

Proactive strategies to help you build a future-focused workforce today

The energy industry faces unique staffing challenges, from managing a fragmented workforce and a staff nearing retirement to extreme competition for highly skilled workers. Gallagher's approach to people strategies encompasses the full spectrum of organizational wellbeing, helping you to invest in employee health, talent, financial wellbeing and career growth, while also developing HR and benefit programs to support your workforce.

Our HR and benefits consulting services help prepare you to meet the shifting needs of employees and the market, so you remain competitive and thriving now and into the future. Our programs provide:

  • Safety and employee wellbeing
  • Talent retention
  • Competitive benefits for talent advantage
  • Managing a geographically fragmented workforce

Always on your side: How we got a client's $3M claim denial overturned

The challenge

The client experienced a $3 million property loss when 31 stator bars began leaking on one of the generators at their power plant. The cause of the leaks was determined to be crevice corrosion cracking. The insurance carrier denied coverage for the repair cost due to exclusion in the policy for "normal" corrosion.

The solution

Our Risk Engineering team evaluated the crevice corrosion and concluded that the crevice corrosion was unusual and couldn't be considered normal. They also discovered technical evidence that the corrosion was the damage and not the peril. Our engineers demonstrated that poor workmanship was the peril that led to the corrosion damage.

The result

As a result of our Risk Engineering team's analysis, the carrier overturned the denial of coverage and awarded our client the $3 million claim in full.

Supporting long-term growth and success of your energy business

Across the world, our team consults with clients to understand their organizational dynamics, specific exposures and risk tolerance and then crafts programs that reduce risks and enhance opportunities. By collaborating with clients and insurers, we promote stable, long-term relationships, which allow us to proactively navigate the market and develop placement tools that contribute to your success.

Meet the Energy insurance leaders

Energy Insurance Summary

  • Global team with hands-on experience in the energy industry
  • Customized risk management solutions and insurance programs
  • Worldwide market access and requisite leverage for broad insurance coverage at optimal cost
  • Claims advocacy through the entire claims process
  • Loss control and risk engineering to prevent claims

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