TATA AIG Corporate Insurance - Energy Insurance

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 Policy
Erection All Risks Policy
Advanced 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 Breakdown
Boiler & Pressure Plant
Electronic Equipment
Machinery 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.