Energy insurance · Project and operational risks
Oil, Gas & Petrochemical Insurance in Iran
Coordinated support for construction, installation, operations, and connected offshore activities.
We help international clients arrange suitable insurance through Iranian insurance companies, bringing engineering, property, cargo, liability, and marine requirements into one structured review.
CoverageOffshore & marineDocumentsFAQs
For international clients
Operators, EPC contractors, investors, industrial groups, and marine stakeholders.
Across the project lifecycle
From construction and installation to commissioning, handover, and operation.
One coordinated review
Policy-class guidance, underwriting submissions, and placement communication.
Insurance built around the actual exposure
An energy project rarely fits neatly into a single insurance class. A refinery expansion may combine civil works, equipment installation, imported machinery, and operating assets. Offshore activity can add vessel damage and marine liability exposures to the same programme.
Our intermediary role is to help define those requirements, organize the technical information, and coordinate the request with Iranian insurance companies. Begin with the project scope and contractual responsibilities, rather than selecting a policy by name alone.
Placement is subject to underwriting acceptance. Availability, territorial scope, insured activities, limits, exclusions, and policy issuance must be confirmed for the particular risk. International-waters activity is not automatically included.
Project and operational insurance
The appropriate programme depends on the stage of work, assets, activities, locations, and contract. These classes are starting points for review, not a guarantee that every listed risk is covered.
| Insurance area |
Typical exposure |
Related classes to review |
| Construction and installation |
Refineries, petrochemical plants, pipelines, terminals, and process units |
CAR, EAR, and CPM |
| Completed civil infrastructure |
Completed pipelines, civil structures, and infrastructure assets |
CECR where applicable; not a substitute for construction-stage cover |
| Operational technical risks |
Machinery, pressure systems, controls, and electronic equipment |
MB, EE, and boiler and pressure vessel insurance |
| Property and industrial assets |
Buildings, facilities, contents, stock, and operating sites |
Property and industrial insurance |
| Marine and offshore activities |
Support vessels, marine logistics, and declared offshore operations |
P&I, H&M, and rig-related insurance |
| Cargo and transit |
Imported equipment, project materials, spare parts, and cross-border shipments |
Cargo insurance |
| Liability |
Third-party, employer, contractual, and operational exposures |
Liability insurance |
| Capacity and programme structure |
High-value or technically complex placements |
Reinsurance and layered arrangements where available |
For more detail, explore engineering insurance in Iran and the oil, gas, and energy insurance overview.
Not sure which insurance classes you need?
Share your project scope, assets, operating location, estimated values, and required dates. We can help identify the areas that need a more detailed underwriting review.
Offshore activities and international waters
Offshore support, drilling operations, marine logistics, and vessel movements may require a broader structure than an engineering-only placement. The submission should identify the actual operating area, ownership and charter interests, vessel roles, and contractual allocation of liability.
- Protection & Indemnity (P&I): marine third-party liability, subject to the insured interest and policy wording.
- Hull & Machinery (H&M): physical loss of or damage to an insured vessel and its machinery, subject to the wording.
- Rig and offshore asset insurance: separate review of the drilling unit, equipment, operational activity, and marine interfaces.
- Cargo and project transit: protection for insured goods during declared movements, with handover and storage arrangements checked separately.
P&I and H&M serve different purposes and are not interchangeable. Their scope must align with the vessel, use, navigation limits, and contractual responsibilities. Review P&I insurance, marine Hull & Machinery, and vessel insurance as relevant.
Territorial and compliance review: confirm the countries, waters, ports, counterparties, vessels, and activities involved. Applicable sanctions, licensing, export controls, and payment restrictions require case-specific review; an insurance inquiry does not authorize a prohibited activity.
Why coordinate the programme through one intermediary?
A coordinated submission makes it easier to explain where one policy should end and another should begin. This is especially useful when the same equipment moves through shipment, installation, testing, and operation.
- One organized channel for the project and operational insurance request.
- Consistent descriptions of insured parties, assets, values, and activities.
- Coordination across engineering, cargo, property, liability, and marine sections.
- Clearer identification of missing documents and unresolved coverage questions.
- Remote inquiry support before formal underwriting and issuance.
This approach supports clearer communication, but it does not remove exclusions or guarantee a particular premium, insurer capacity, or claim outcome.
Prepare your project or operations submission
A focused underwriting file is more useful than a broad request for “all risks” cover. Start with the core information below and confirm any additional requirements with the team.
- Project or operation description, site location, and participating companies.
- Contract scope, insurance obligations, and ownership or contractual interests.
- Asset and machinery schedules, values, currency, and valuation basis.
- Construction, installation, testing, commissioning, and operational dates.
- Requested limits, deductibles, policy periods, and any special extensions.
- Transport routes, storage periods, and project-cargo handover points.
- For marine activity: vessel particulars, role, trading area, class information where applicable, and relevant claims history.
Use the all-risk request forms, engineering documents checklist, or P&I / H&M questionnaire according to the exposure. Forms support the application; they do not confirm bound insurance.
Start with the right request route
Use the engineering forms for project and technical risks, the marine questionnaire for vessel-related requirements, or contact the team if your exposure spans several classes.
Frequently asked questions
What types of oil, gas, and petrochemical insurance can you help arrange?
Depending on the exposure, we help coordinate project, engineering, property, cargo, marine, liability, and specialist energy-related requests through Iranian insurance companies.
Can insurance be arranged through Iranian insurance companies?
Yes, subject to the risk details, underwriting acceptance, available capacity, applicable requirements, and agreed policy wording.
Does this service cover only onshore projects in Iran?
No. Offshore, marine-linked, and international-waters exposures can also be submitted for review. Territorial scope and insured activities must be expressly agreed; they are not automatic extensions.
Can engineering insurance form part of an energy programme?
Yes. CAR and EAR may be relevant during construction or installation; MB and EE may address specified operational equipment risks. CPM and CECR have different functions and should be matched to the actual assets and stage.
Do offshore projects need P&I and H&M insurance?
They may, where vessel operations create marine liability and vessel physical-damage exposures. Not every offshore risk belongs under these classes, so rig and offshore asset requirements should also be assessed.
Can you help with petrochemical plant project insurance?
Yes. Petrochemical project requests can be reviewed across construction, installation, testing, existing property, cargo, and relevant liabilities, subject to underwriting.
What if the correct insurance class is unclear?
Begin with a concise project description, locations, asset values, timeline, and contract requirements. The team can help identify which insurance classes need review.
Can international clients begin remotely?
Yes. Clients can start through the contact route or appropriate questionnaire. Insurers may subsequently require additional documents, surveys, or technical clarification.
Why is cargo insurance relevant to energy operations?
Machinery, modules, spare parts, and project materials can be exposed before arrival at the site. Cargo cover should be coordinated with storage, installation, and operational insurance rather than assumed within another policy.
When might reinsurance matter?
High values, concentration of assets, technical complexity, or insurer capacity requirements may prompt reinsurance or layered-structure discussions. Availability is subject to market acceptance and applicable restrictions.
Is liability insurance relevant to petrochemical operations?
Yes. Third-party, employer, and operational liabilities may need separate consideration. Contractual or pollution-related obligations should be reviewed expressly rather than assumed covered.
What is the best first step?
Prepare a short summary of the project or operation and use the relevant request forms or contact the team. Arrange the review before the intended exposure begins.
Why use one intermediary route?
One route helps coordinate the underwriting information and interfaces between engineering, property, marine, liability, and cargo requirements. Each policy still has its own terms and conditions.
A coordinated route from inquiry to placement
Oil, gas, and petrochemical insurance should reflect how the project or operation actually works. Clear asset information, realistic territorial scope, and careful coordination of engineering, cargo, marine, property, and liability requirements provide a stronger basis for underwriting review.
We help international clients organize that discussion and pursue suitable solutions through Iranian insurance companies, subject to underwriting, applicable requirements, and written confirmation of cover.
Discuss your energy insurance requirements
Send the project or operation summary, location, asset details, values, and required timeline to begin a structured review.
General educational references: USA.gov insurance information and NAIC consumer education. These are not authorities on Iranian legal requirements or the terms of your policy.