Energy

Energy Insurance – Local Expertise, Global Standards 

At AlKoot Insurance, we understand the critical role the energy sector plays in Qatar and the wider region. Our energy insurance solutions are designed to meet the specific challenges faced by oil, gas, and renewable energy businesses across all stages—from exploration and production to processing and distribution. 

Whether your operations are onshore or offshore, under construction or in full operation, our coverage helps you manage complex risks, protect vital assets, and maintain business continuity—even in the face of disruption. 

What We Cover 

Our experienced technical team brings years of expertise in handling energy and power risks both locally and globally. We provide coverage across upstream, midstream, and downstream activities, tailored to the needs of each project and client. Here’s what our comprehensive suite includes: 

• Property Damage 
  Covers sudden and accidental damage to insured physical assets, including both onshore and offshore property.

          

• Business Interruption 
  Protects against income loss and additional operating costs following a covered physical loss. 

• Control of Well & Re-Drilling Expenses 
  Covers the cost of controlling a well, re-drilling, pollution cleanup, and underground blowouts. Also includes care, custody, and control liability. 

• Machinery Breakdown 
  Covers key fixed equipment such as boilers, pressure vessels, turbines, pumps, and transformers in case of mechanical or electrical failure. 

• Contractors All Risks (CAR) / Erection All Risks (EAR) 
  Provides coverage during construction, erection, or installation phases—including loss or damage to materials, plant, and third-party liabilities. 

• Third-Party Liability 
  Offers protection against claims made by third parties for bodily injury or property damage arising from your operations. 

 Types of Risks We Cover 

We tailor our policies to support a wide range of energy-related operations: 

Upstream 

• Oil and gas exploration and production (onshore/offshore)
• Operators’ extra expenses
• Production platforms
• Mobile offshore drilling units (MODUs)
• Floating production storage and offloading (FPSO) units
• Construction and development projects 

 Midstream 

• Storage terminals and tank farms
• Liquified Natural Gas (LNG) 
• Oil and gas separation plants
• Pipelines
• Oil and gas distribution networks 

 Downstream 

• Oil Refineries and petrochemical plants
• Gas processing units
• Chemical and fertilizer plants
• Power and wind energy projects 

Where We Operate 

While rooted in Qatar, our insurance capabilities extend across: 

• The GCC and Middle East
• Pakistan and the Indian subcontinent
• Turkey, Indonesia, Thailand, and the Philippines
• South Africa and key African nations
• STAN countries: Uzbekistan, Turkmenistan, Kazakhstan
• Azerbaijan 

Subject to underwriting review and lead terms from reputable reinsurers, we are well-positioned to provide risk solutions in these territories. 

 Why Choose AlKoot? 

Energy operations are complex, but your insurance doesn’t have to be. With AlKoot, you gain a partner who understands the intricacies of your industry and is committed to protecting your business with precision, agility, and reliability. 

For quotes and inquiries, please reach us at rfq-gi@alkoot.com.qa .