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TATA AIG Corporate Insurance - Energy Insurance |
Tata AIG Energy is a 'one-stop shop' with a holistic approach to risk identification and mitigation that matches global standards.
Large petrochemical complexes, state-of the-art power plants, highways connecting towns and cities are fraught with a multitude of risks throughout the development, construction andoperation stages and therefore require the most comprehensive and complex insurance covers.
Contractors All Risks / Erections All Risks
Contractor All Risk (CAR) and Erection All Risk (EAR) Insurance is designed to cover the myriad of risks, construction projects can encounter from project conception onwards.
Coverage can also be extended to include various add - on covers available under these tariffed policies.
Contractors All Risks PolicyErection All Risks PolicyAdvanced Loss of Profits (ALOP) Insurance
Boiler & Machinery
Equipment breakdown has the potential to stop business activities, with serious consequences to company's bottom line. Boiler & machinery coverage, often referred to as Machinery Breakdown Insurance offers protection against these types of losses.
The coverage is available on a stand-alone basis to cover Electrical and Mechanical breakdown, Breakdown risk for Electronic equipments and explosion / collapse, risk for Boiler/ Pressure vessels. Covered equipment can include, but is not limited to :
- Gas and Steam Turbines
- Engines, Pumps and Compressors
- Electric Motors, Generators and Transformers
- Switchboards and other electrical apparatus
- Refrigeration and Air conditioning equipments
- Computers / servers / Printers
- Steam Boilers & Pressure vessels
Policies offered:
Machinery BreakdownBoiler & Pressure PlantElectronic EquipmentMachinery Loss Of Profits
Chemical
Under this line of business, we provide coverage for companies who manufacture organic or inorganic chemicals used in the manufacturing of finished chemical or pharmaceutical products.
Major Industries coming under this category would include:
- Industrial inorganic chemicals
- Plastic materials and resins
- Paints, lacquers, varnishes
- Pesticides and other agricultural chemicals
- Man-made cellulose fibers and synthetic fibers
- Industrial gases
- Pharmaceuticals
- Miscellaneous chemical products
Insurance Policies offered to these industries include:
- Standard Fire & Allied Perils Insurance
- Fire Loss Of Profits / Business Interruption Insurance
- Industrial All Risk (IAR) Insurance
Utilities
Under this line of business, we provide property and breakdown insurance covers for most utilities and power generation risks.
Insurance Policies offered to these industries include:
- Standard Fire & Allied Perils Insurance
- Fire Loss Of Profits / Business Interruption Insurance
- Industrial All Risk (IAR) Insurance
Oil & Petroleum
Under this line of business, we provide cover to industries from Oil & Fertilizer sector. This may include:
- Pipelines and terminals for the distribution to refining of crude natural gas/petroleum products
- Petrochemical Complexes including Refineries etc. encompassing cracking of various hydrocarbons and the resulting production of petrochemicals.
- Risks associated with storage terminals
- Fertilizer Industries
Insurance Policies offered to these industries include:
- Standard Fire & Allied Perils Insurance
- Fire Loss Of profits / Business Interruption Insurance
- Industrial All Risk (IAR) Insurance
All these policies are Tariff Products and governed by Terms and conditions as laid down by TAC.
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Mr. Rodney Fernandez, Head Travel Services at Tata AIG says "NRIOL has been one of our key partners in India for the past 7 years and has been pivotal in providing Tata AIG customers an opportunity to purchase their Travel policies online".
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