JLT Specialty USA provides risk engineering insurance services across the energy industry, from offshore and upstream, through downstream refining and petrochemicals, to midstream and LNG operations. This can be at the construction and operational phases.
Our industry experienced risk engineering team will work with your organization to find the right solution for your energy project, including property risk control and risk information about natural hazards.
By having risk engineers who understand your business, we excel at assisting our clients in addressing the key negative issues that impact their business and offering risk solutions creatively, effectively and efficiently.
Our services are designed to support improvement to clients’ existing risk controls, further reduce risk exposures and to enhance the risk quality, when it is presented for insurance.
WHAT WE DO
PROJECT RISK ENGINEERING
From the design phase through construction, and into handover to the operational, we work with our clients to report on the assets in place, any risk issues arising and how they are addressed and assist in developing appropriate risk reduction activities.
This is achieved initially by working with your organization's project team, and then by conducting on-site surveys as the construction progresses. These can be at the main site but also can include fabrication yards at home and abroad.
The latter is necessary as many construction projects have specialist designs and cutting-edge equipment which can lead to complex supply chains reaching around the globe.
Delays occurring in these supply chains can detrimentally affect an energy project, therefore an experienced risk assessment to determine where vulnerabilities lie can be invaluable.
BUSINESS INTERRUPTION EXPOSURE ANALYSIS
To plan and prepare for the worst case scenario, understanding your business interruption (BI) exposures is critical.
We work with your organization to produce BI calculations which focus on validating the potential interruption, and additional contingent BI loss from an asset protection perspective, while considering the impact of key suppliers and critical customers.
This process enables our clients to understand the post loss recovery time from a major incident and support any preventive measures in place to reduce exposure, as well as justify improvements.
RISK INFORMATION – NATURAL HAZARDS
Many of our clients operate in locations that are vulnerable to natural hazards including: earthquake, typhoon, windstorms, heatwaves and volcanic eruptions. Our specialists have considerable experience identifying natural hazards exposed to a site.
By working with insurance market and in-house catastrophe models, as well as conducting on-site surveys, we highlight where the main loss exposures are and recommend ways to manage these from an insurance perspective. Additionally, we calculate the maximum foreseeable loss (MFL) and estimated maximum loss (EML) exposures to validate our findings.
- Whether it is design and construction, operational, in the decommissioning or transition phase (before or after sale), we conduct surveys and produce reports for clients to provide relevant information for insurance purposes
- With experienced specialists, and a broad spectrum of skillsets, our risk engineering team supports clients in the challenges they face. Losses do occur. Losses are preventable, so it is important to learn from the lessons of the past. What you do not monitor, you cannot improve. We can assist in risk reduction, and are here to assist you
- We are not constrained by geographic boundaries, which allows us to work with your organization wherever you need us. We work with you to implement innovative and effective ideas, which will benefit your financial strength and reputation
- You can feel comfortable to call us, at any time of the day or night. We will deal with your query immediately. A quick and proactive response when claims occur to get speedy settlements.