Sovereign - Energy and Resources Risk Solutions

Your industry in focus

We’ve drilled down into your line of business before and there’s no doubt the work you do is complex and so are the risks. With decades of experience under our belts, we understand the increasing demands for energy and resources, the industry innovations that help set our future up for success and the regulations that guide the way. To succeed, it’s important your business remains adaptive and flexible. That’s exactly how we operate at Sovereign Insurance. We’re agile and offer direct access to our experts who are empowered with local decision-making authority. This enables us to support our clients and partners through fast turnarounds, highly responsive service and strong, trusted relationships. Simply put, we get you the coverage you need without delay.

Targeting:

Upstream and Mid-stream Oil and Gas

Power Generation, and Utility Operations

Hard Rock and Soft Rock Mining

Greenfield Energy Construction Projects

Emerging Clean Technology, aiding in the Energy Transition

Specializing in:

Gas Plants
Conventional and Unconventional Oil & Gas Production Facilities
Tank Farms, and Bulk Commodity Terminals
Pipelines
Oil Sands mining, upgrading and in-situ production (SAGD etc.)
Chemical and Petrochemical facilities
Carbon Capture, Sequestration & Storage
Biofuel, and Waste to Energy Facilities
Renewable Natural Gas (RNG) Facilities
Power generation and utilities – conventional and renewable
Mining and Mineral processing including underground exposure
New Project construction in support of all our targeted specialties

What Sovereign's energy and resources solutions offer:

A packaged policy doesn’t always meet the needs of your complex business. We have the industry knowledge to help guide you through coverage selection and our partners through placement structure. And through our strong AM Best A- (Excellent) rating and consistent application of our capacity, we’re able to work with partners to provide lead or supporting subscription positions on your insurance programs. Our underwriters are technical, empowered, highly responsive and agile. We strive to deliver the targeted coverage you need and the exceptional experience you expect.

We can develop a solution for:

Quota share, Primary, or Excess Energy Property
Business Interruption
Contingent Business Interruption
Extra Expense
Equipment breakdown
Project Construction, including Testing and Commissioning
Loss Control expertise

Coverages designed to protect your business

National and international property insurance

Our national and international property insurance programs provide coverage for physical damage, business and contingent business interruptions, and extra expense throughout the oil and gas, chemical, petrochemicals, power generation and mining industries.

Contractors All Risk and Erection All Risk insurance

From the inception of a project through the testing and completion phase, we provide comprehensive physical damage coverage appropriate to the risk. Where a potential construction loss may lead to a delay, we can provide coverage for ongoing expenses and loss of anticipated earnings to provide financial stability to such capital investment.

National Risk Engineering Services

Our experienced underwriters work closely with our in-house Risk Engineering Services team to understand the risks our clients face. We address emerging industry risks in inherently innovative industries and provide support and solutions in renewable energy such as, biofuels, run of river and wind.

*The information on this page is provided for informational purposes only. Please refer to your policy for applicable coverage details, limitations, and exclusions.