Energy & Natural Resources

Energy & Natural


Powering you through

global efficiencies

Adapt quickly to

changing conditions

Remove the uncertainty

From upstream, offshore and renewables to onshore energy and mining, we offer risk and insurance solutions with global efficiencies for all organisations involved in the energy & natural resources sector.

From upstream, offshore and renewables to onshore energy and mining, we offer risk and insurance solutions with global efficiencies for all organisations involved in the energy and natural resources sector.

Remove the uncertainty

Confidently anticipate, mitigate and transfer risk

The extraction of resources, development of infrastructure, and supply of energy forms the basis of global economic development. As one of the largest and most influential sectors across the globe, the energy and natural resources industry powers all other industries.

The energy and natural resources industry is transforming in response to the evolution of technology and is met on all sides by regulatory, environmental, economic, political, technology, and social influences.

HDL’s in-depth experience and global market access will enable you to confidently anticipate, mitigate, and transfer risks more strategically in order to meet your commercial objectives.

Worldwide expertise

With energy and natural resources companies facing severe, complex risks, HDL shares your understanding of trends in the energy and natural resources market.

Providing a wide range of insurance and risk solutions associated with the exploration, construction and operation of the energy and natural resources industry, we use our deep technical knowledge to create tailored insurance solutions that help provide long-term protection, including:

  • Upstream energy (exploration & production, drilling contractors)
  • Midstream energy (pipelines, LNG facilities, tankage)
  • Downstream energy (refining & marketing, petrochemicals)
  • Mining (hardrock, softrock, surface and underground, primary smelting)
  • Power & utilities (power generation including alternative energy, electricity and gas distribution, large water treatment and sewage plants)

Risk solutions include

From exploration through to finance raising, construction, operations and care, maintenance and closure, HDL have experience in providing solutions to manage risk including:

  • Bullion and Crime
  • Business Interruption
  • Care & Maintenance Programs
  • Charterers Liability
  • Construction Programs
  • Contingent business interruption
  • Control of well/operators extra expense
  • Corporate Travel
  • Country and political risks
  • Credit Risk Transfer
  • Cyber Risk
  • Decommissioning risks
  • Delay in Start-up Cover
  • Directors & Officers Liability
  • Employment Practices Liability
  • Environmental Impairment Liability
  • Expatriate & Inpatriate Medical Expenses
  • Expatriate & Inpatriate Medical Expenses
  • Kidnap and Ransom
  • Marine Cargo
  • Marine Hull
  • Mining Rehabilitation
  • Mobile Plant & Equipment
  • Offshore construction
  • Operational Programs
  • Personal Accident
  • Pollution
  • Professional Indemnity
  • Property and Machinery Breakdown
  • Protection and indemnity
  • Surety and Bonds
  • Terrorism
  • Third Party Legal Liability
  • Weather derivatives cover
  • Workers Compensation

HDL, the right partner for you.

Seek advice from HDL

Many companies find themselves in a position where they have multiple insurance policies covering their operations worldwide and, for most, consolidation of these covers into single and class-specific global programs will bring benefits to both the group and their operations.

As well as providing savings through leveraging the group’s purchasing power, as you would achieve with any group procurement, a global program:

  • Offers consistency and certainty of cover.
  • Provides central control of cover and cost.
  • Allows a global approach to risk management.
  • Provides greater control and consistency of approach to losses worldwide.
  • Facilitates participation in your own risk by the parent.
  • Gives the ability to use premium allocations as a tool to encourage better risk management.
That said, there are also various challenges with a global program that need to be considered which centre around local legislation in the territories where the group operates, push back from operations to the level of cover purchased globally and therefore the premium allocation the operation is given and, certainly in the formative years, an increased level of workload at the centre to put the program in place.

HDL can advise you through each stage of this process, providing details of territorial requirements, assistance in premium allocations, local support for your operations where required and continued support at group level to ensure consolidation is as smooth as process as is possible.

Parametric solutions, providing peace of mind where conventional policies fail

The ability to respond immediately to natural disasters or weather-related losses is the key to mitigating detrimental knock-on effects and getting you back to normal business quickly. This requires quick and flexible risk management. Parametric products provide a simple and transparent coverage concept complimenting traditional insurance coverage for companies aiming to reduce their risk exposure and can cover risks that have traditionally been uninsurable.

For example:

  • Lack of wind leads to decrease in energy production for a wind power farm
  • Lack of precipitation leads to decrease in water inflow and thus energy production
  • A cyclone within 100km of a mine triggers a full site evacuation.

The rise of parametric solutions brings numerous benefits where previously uninsurable risks can now be covered including expenses for items such as first-response programmes, evacuation, loss mitigation or clean-up costs, which are typically not covered or are sub-limited, can now be included.

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Complimentary Review

Complimentary Review

Securing optimal insurance protection is becoming more challenging.

Having a fresh set of eyes can make a dramatic difference.  HDL welcomes the opportunity to evaluate and challenge your current risk and insurance program in a confidential manner that avoids disrupting existing relationships.

Insurance Broker

Our Global Insurance Network

Over 150 Insurers across the globe.

Our Global Insurance Network

Over 150 Insurers across the globe.