Upstream Energy

The Talbot Upstream Energy team works with the Oil and Gas industry in their search and subsequent extraction of crude oil and natural gas, globally both onshore and offshore. We are able to provide cover for:

Physical Damage (DP) - on offshore operating platforms, mobile offshore drilling units (MODUs), floating storage units, specialist vesselss, subsea equipment, land rigs and onshore production equipment
Business interruption (BI) - loss of production income on operating fixed assets and loss of hire on mobile units
Control of Well (COW) - covers the extra expense that an operator can incur as a result of a well blowout, above or below ground
Construction all risks (CAR) - two types of risk: offshore fixed assets, covering fabrication, transportation, load-out, hook-up and commissioning, and mobile units, covering the fabrication of the unit in the yard plus usually sea trials

Why Talbot

Talbot is a leading provider of insurance to the energy sector. We are heavily involved in both the offshore and onshore oil and gas businesses as well as power generation, refining, petrochemicals and utilities.

We have an experienced team of proven leaders within their chosen market sectors. Risk engineering is an integral part of our business model. Our engineering team has extensive industrial experience combined with many years operating in the insurance arena. Technical support is provided to underwriters through reviews and site surveys.

Why Talbot	How Talbot adds value	What this means for customers
Customer first philosophy with a claims focus	Service levels are paramount to Talbot’s business model. Dedicated claims team, experienced in dealing with all complexities and exceptionally well respected in the industry.	High quality service with quick turnaround times from the Lloyd's trading floor or remotely. Claims are managed by highly experienced professionals, efficiently and with a high degree of care and sensitivity.
Empowered underwriters utilising superior technology	Experienced and empowered front line underwriters. Risk consideration supported by market leading analytical tools.	Rapid decision making. Consistent approach regarding risk appetite and pricing.
Flexible	Willing to discuss and develop bespoke cover if required.	Offering an advanced, constantly evolving suite of Upstream Energy products.