Petro-Chem Insurance Group, Inc. services

Our staff has tremendous experience in placing some of the largest and complex worldwide programs to cover physical damage and business interruption risks for industrial facilities, equipment and stock (along with coordinating millions of dollars in claim settlements). To reduce a client`s ultimate premium cost, we strive to combine effective loss control engineering risk assessment (insurer and/or independent engineers), with a logical program structure. In addition to this, we apply our very thorough Retail and Reinsurance marketing capabilities (to infuse as much competition as possible into any program).

Perhaps no area of insurance is demanding as much attention these days as Casualty Insurance (especially products liability). Similar to Property risks, we utilize loss control engineering and program design to minimize the eventual costs to the client. We deliver competitive marketing techniques and creative program design to offer the most cost-effective program. U.S. and International coverage is available for: General Liability. Workers Compensation / Employer`s Liability. Automobile and Fleet Liability. Excess / Umbrella Liability. Construction Wrap-up Insurance. Loss Sensitive / Retroactive Programs. Defense Base Act Insurance (DBA).

Some of the most critical (and complex) risks currently facing energy and other heavy industry companies, are those emanating from environmental liability exposures. Where others try to utilize `off the shelf` programs when placing an environmental pollution program, we differentiate ourselves by our Environmental Insurance programs representing `cutting edge` risk transfer options negotiated in great detail with Environmental Insurers and Reinsurers. We liase very effectively with these same Insurers` internal and/or contracted engineers (as well as with the client`s in-house environmental representatives, attorneys, etc.), which results in progressing programs to conclusion as rapidly as possible. In addition to undertaking creative environmental insurance projects in North America and Europe, our expertise is offered to clients worldwide.

Petro-Chem is a recognized specialist in offering coverage for U.S. companies operating in foreign countries. Investing in infrastructure and facilities in certain emerging markets countries raises unique governmental risks. Working with worldwide insurers and U.S. Government agencies, we are able to structure novel programs to protect both U.S. and foreign activities. Our Political Risk programs include such coverages as the following, that may have an impact upon a project or revenue stream: Confiscation, Expropriation, Nationalization, Deprivation, Contract Frustration, Exchange Transfer Controls , License Cancellation , Civil War.