Energy

Sovereign's energy team provides all-risk property, business interruption and boiler and machinery coverage for Canadian domiciled on shore oil and gas, petrochemical, power and utility and mining risks.

Target Classes:

  • Gas Plants
  • Steam assisted gravity drainage projects
  • Oil and gas production property
  • Oil and gas pipelines
  • Petrochemical and refining operations (including upgrading)
  • Power generation
  • Open pit and underground mining
  • Ethanol plants
  • Large and complex construction projects

Features/ Benefits:

  • Up to $50M capacity on selected risks
  • Ability to work with manuscript or subscriber's wordings
  • Capacity on a quota share, primary or excess basis
  • Business interruption, contingent business interruption and extra expense coverage available
  • Boiler and machinery and equipment breakdown available

Oil and Gas

Sovereign’s experienced and professional underwriting team is specialized in writing coverage for your on-shore oil and gas industry needs. We provide general liability, umbrella, excess, automobile, all-risk property, inland marine, and equipment breakdown coverage.

Target Classes:

  • Casing Contractors
  • Cementing Contractors
  • Coil Tubing
  • Drilling Contractors (including Directional)
  • Drilling Fluid Contractors
  • Equipment Rental and Service
  • Excavating including Trenching & Hydrovac
  • Fabrication Shops
  • Hot Oil Operators
  • Instrumentation Services
  • Insulation Contractors
  • Non-Destructive & Hydrostatic Testing
  • Oilfield Electricians
  • Oilfield Hauling and Transportation
  • Oilfield Safety Services including Fire Fighting
  • Perforating
  • Pipeline Contractors - 12 inch diameter or less
  • Power Tong Operations
  • Seismic & Surveying
  • Site Preparation, Site Maintenance and Site Reclamation
  • Snubbing
  • Steam Cleaning
  • Swabbing
  • Vacuum Truck Operators
  • Well Contractors and ancillary services and suppliers
  • Wireline Services (including Fishing)

Features/ Benefits:

  • Significant ‘in-house’ capacity for Contractors’ Equipment Schedules
  • ISNet World compliant wordings and endorsements
  • Oil & Gas Industry specific Endorsements and Extensions including Deliberate Well Firing, Downhole Tool Extension, Oilfield Towing, Ice & Muskeg, Rental Reimbursement, Waiver of Subrogation, Blanket Additional Insured, Fire Fighting Expenses
  • Limited Pollution Liability Endorsement available
  • Contractors Pollution Liability (CPL) and Environmental Impairment Liability (EIL) are available through Premier Marine
  • Contractors Equipment Cab & Chassis (Licensed Vehicle) Extension available
  • Equipment Breakdown Insurance available including coverage for Rig Boilers