Insurance for Natural Resources Companies

The natural resources sectors are rapidly evolving and present significant risks. Companies rely on complex infrastructure in hazardous environments and must prioritize safety and business continuity. As consumer behaviors shift and technology advances, it's essential to fully understand risks and exposures. Chubb offers the insight, expertise, products, and services necessary for comprehensive insurance and risk-mitigation solutions, servicing the industry segments for nearly 40 years.
Solar Panel

Who We Serve

Chubb’s Natural Resources practice is focused on providing comprehensive coverages and services to clients engaged in:
Renewable Power:
  • Solar
  • Wind
  • Battery Energy Storage
  • Biogas to Power
  • Fuel Cells
  • Geothermal
  • Biomass
  • Other Emerging Technologies
Alternative Fuels:
  • Biofuels
  • Renewable Natural Gas
  • Synfuels
  • Hydrogen
Energy, Power, and Mining:
  • Independent Power Production
  • Natural Gas Power Generation
  • Surface & Underground Mining
  • Mining Contractors
  • Oil and Gas Lease Operators & Owners
  • Petroleum Equipment Leasing
  • Oilfield Service Contractors
  • Midstream Operators and Contractors
  • Refiners and Petrochemical Manufacturers
  • Oilfield Equipment Manufacturers
  • Chemical Manufacturers and Distributors

Products & Services

Chubb has 25+ years’ experience protecting renewable energy businesses. We provide scalable and modular insurance products that can grow with you over time, whether you are a start-up or global operation.

Commercial package insurance
Our Customarq Package Policy offers property and liability insurance protection that is truly customizable
Umbrella & excess casualty
Tailored insurance solutions designed to address unique energy casualty coverage requirements
Pollution liability
Customizable gradual or sudden and accidental pollution coverage specifically designed for energy risks
Builders risk insurance
First-party insurance offering coverage for loss or damage to property in the course of construction and delay in opening.
General liability insurance
Coverage can be purchased packaged or monoline and include a blend of traditional insurance and alternative risk financing mechanisms to help manage your company’s liability risk.
Property insurance with equipment breakdown
Industry-specific coverage that can be purchased packaged or monoline for losses caused by equipment breakdowns, with a focus on getting your company back to business as soon as possible.
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Chubb Risk Consulting

Our team of world-class industry professionals is readily available to partner with your business and effectively mitigate any risks you may face.
Services for Natural Resources

Chubb Risk Consulting crafts pragmatic solutions with our insureds and offers recommendations to help minimize loss potential. 

Prepare and Prevent with Risk Consulting

Our in-house network of more than 500 risk engineers around the globe will help your business anticipate and minimize costly exposures.

Chubb Risk Engineering Center

Our interactive state of the art facility for the next generation of risk management can help your business reduce the risk of loss.

Matt McMulli
Meet our Climate+ and Natural Resources Industry Practice Leader

Matt McMullin

Global Climate Practice Leader and Natural Resources Industry Practice Leader, North America

“We're staying tuned into new technologies, because the energy landscape is evolving and changing as more and more companies are moving toward the goal of net zero emissions.”

Chubb Methane Resource Hub

As part of our efforts to support the Transition to a net zero economy, Chubb supports clients in identifying and adopting emissions reduction technologies. Chubb recently developed the Methane Resource Hub, a platform that provides thought leadership, educational resources, and connections to third party vendors, as a service to our valued Oil & Gas Insureds. 

Frequently Asked Questions

Our risk engineering team provides a consulting service to help clients determine their carbon footprint and identify opportunities to reduce their emissions and resulting climate impact. We can also help model the exposures faced by your business operations to climate-related risks, such as windstorms, flooding, and wildfires.

We can provide scalable insurance solutions to meet a broad range of requirements, as well as customized coverage programs for large-scale and multinational clients. Our primary casualty, excess liability, and financial lines have specialist underwriting teams. And our cleantech industry practice offers expertise in all renewable energy technologies.

At Chubb we are fully aware of the reality of climate change and the impact we are having on our planet. We encourage and expect a transition to greater reliance on alternative and renewable fuel solutions to meet our energy needs.

 

In accordance with our policies, we will generally not underwrite risks related to the construction or operation of new coal-fired plants. Nor will we underwrite new risks for companies that generate more than 30% of revenues from thermal coal mining, or for companies that generate more than 30% of their energy production from coal.

 

See the Full Chubb Coal Policy

Yes. Chubb offers upstream energy coverage for oil and gas companies and their contractors.  Visit our site to learn more

Interested in learning more about Chubb's Natural Resources Practice?

Resources

Other Services

Chubb Climate+
Climate Tech

To learn how Chubb supports businesses with Natural Resources solutions, contact us.

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Note: The claim scenarios described here are intended to show the types of situations that may result in claims. These scenarios should not be compared to any other claim. Whether or to what extent a particular loss is covered depends on the facts and circumstances of the loss, the terms and conditions of the policy as issued and applicable law. Facts may have been changed to protect privacy of the parties involved.

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