Oil & Gas Insurance — Powering
Energy with Protection and Precision

P&P provides specialized insurance for the oil, gas, and energy sector — protecting high-value operations, assets, and personnel across every stage of exploration, production, and distribution.

What is Oil & Gas Insurance?

Oil & Gas Insurance is a specialized risk management solution designed to protect energy companies from financial losses caused by operational hazards, equipment damage, environmental incidents, and business interruptions.

At P&P, we understand the complexities of the energy industry — from exploration fields to downstream operations — and we provide comprehensive, custom-built insurance solutions that help you operate with confidence, resilience, and compliance.

Why it is needed

The oil and gas industry faces some of the most dynamic and high-impact risks in the world. Equipment failure, accidents, or environmental damage can lead to immense financial and reputational losses. Here’s why energy operators rely on P&P:

Protects against equipment loss, fire, and explosion.
Covers third-party liabilities and environmental pollution.
Ensures operational continuity with business interruption cover.
Offers protection for contractors, engineers, and project staff.
Meets international safety and compliance requirements.

We Cover The Key Areas

We understand the complexities of the energy industry — from exploration fields to downstream operations — and we provide comprehensive, custom-built insurance solutions for the industry.

Upstream Operations

Exploration, drilling, and production phase protection for rigs, platforms, and personnel.

Midstream & Downstream Operations

Insurance for storage, transportation, and refining facilities.

Contractors’ Plant & Equipment Cover

Protection for machinery and equipment used on-site or in transit.

Business Interruption Insurance

Compensation for income loss due to unforeseen operational downtime.

Environmental Liability & Pollution Cover

Financial protection against cleanup costs and legal claims.

Employer’s & Public Liability Cover

Safeguards against injury or damage claims by employees or the public.

We Cover The Key Areas

We understand the complexities of the energy industry — from exploration fields to downstream operations — and we provide comprehensive, custom-built insurance solutions for the industry.

Upstream Operations

Exploration, drilling, and production phase protection for rigs, platforms, and personnel.

Midstream & Downstream Operations

Insurance for storage, transportation, and refining facilities.

Contractors’ Plant & Equipment Cover

Protection for machinery and equipment used on-site or in transit.

Business Interruption Insurance

Compensation for income loss due to unforeseen operational downtime.

Environmental Liability & Pollution Cover

Financial protection against cleanup costs and legal claims.

Employer’s & Public Liability Cover

Safeguards against injury or damage claims by employees or the public.

Why Choose P&P for Oil & Gas Insurance?

At P&P, we believe that trust is earned through integrity, expertise, and consistent results. Here’s what sets us apart:

technical expertise

Deep industry knowledge and technical expertise in energy risks.

Trusted Partnerships

Partnerships with global and local energy underwriters.

Tailored policies

Tailored policies that meet complex compliance standards.

Fast Claims Processing

Dedicated claim support and risk management advisory.

Quick Answers to Common Questions

What types of businesses need Oil & Gas Insurance?

Exploration companies, drilling contractors, refineries, storage depots, pipeline operators, and energy service providers all require this specialized protection.

Does Oil & Gas Insurance cover environmental damage?

Yes. P&P offers policies that include pollution and environmental liability coverage to handle cleanup costs and third-party claims.

Can small or medium-sized energy contractors also get coverage?

Absolutely. P&P structures scalable insurance packages for small, medium, and large contractors across all oil and gas value chains.

What happens if equipment is damaged during exploration?

Your Contractors’ Plant & Equipment Cover ensures that machinery and assets damaged by fire, accident, or natural disasters are repaired or replaced swiftly.

Is business interruption included in Oil & Gas Insurance?

Yes. We offer Business Interruption Cover to protect against income loss caused by insured events disrupting your operations.

About P&P

Property & Pecuniary Insurance Brokers Limited is your trusted partner in risk management and financial protection. From individual covers to complex corporate risks, we ensure you’re always secured, always confident.

Our Services

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Polak House, 7 Fola Jinadu Crescent, Gbagada Phase 1, Lagos