Energy and Power Insurance

UIB places energy cover for operators, EPC contractors, and developers working across oil and gas, power generation, and renewables. Exposure changes significantly by project phase, construction risk during a build looks nothing like operational risk once a plant is running, so we structure programs phase by phase rather than applying one policy across a project’s entire life.

For upstream and midstream operators, this typically means offshore energy insurance in the UAE or onshore equivalents covering physical damage to assets, business interruption, and control-of-well risks where relevant. For power generation, cover centers on the plant itself plus transmission infrastructure, with business interruption calculated against actual generation capacity rather than a flat estimate. Renewable energy projects bring their own considerations, weather-related business interruption for solar and wind assets is now a standard discussion point, not an edge case.

ADNOC and similar operators set specific contractor insurance requirements that flow down through EPC and subcontractor chains, and we make sure contractor-level cover actually satisfies those requirements before a contract is signed, not after. If a claim arises, energy losses are technically complex, so we bring in specialist loss adjusters early rather than waiting for a dispute to develop.

A question we hear often: can renewable and traditional energy assets sit under one combined program? Often yes, particularly for operators diversifying their portfolio, and combining them can improve overall terms.