Specialty Risk

Our Specialty Risk Insurance   

Oil And Gas
Oil and gas operations have unique and complex insurance needs. We have created insurance products and services to address and satisfy most of the needs for this industry.

GLICO General’s Oil and Gas Insurance department consists of individuals with a high degree of expertise and focus on this industry. Given our team’s expertise, we have the ability to respond to your service needs in a very professional and timely fashion. With our collaboration with international partners and the direct access we have to the international markets including Lloyds of London, our team has been well tailored and educated to provide our clients with the BEST service including Risk Management for the Oil & Gas Industry.

We look forward to providing insurance cover for the under listed classes of business and others. In addition to our insurance products, we offer aggressive claims management and proactive loss control services specifically adapted to the oil and gas industry.

Our Upstream and Downstream portfolio of products covers:

Products covered under this portfolio would include the following:­

  • Oil Rigs and Platforms
  • Pipe Lines
  • Filling Stations
  • Gas Terminals
  • Tank Farms
  • Operators Extra Expenses
  • Cost of Controlling Well Under Fire
  • Cost of Re-drilling
  • Oil Seepage and Pollution (Clean Up Costs and Third Part Liabilities)
  • Marine Vessels – Hull/ Cargo
  • Employee Properties/Welfare Policies
  • Employers  Liability
  • Extra Cover as desired by the Operator

Our Specialty Risk Insurance   

Oil And Gas
Oil and gas operations have unique and complex insurance needs. We have created insurance products and services to address and satisfy most of the needs for this industry.

GLICO General’s Oil and Gas Insurance department consists of individuals with a high degree of expertise and focus on this industry. Given our team’s expertise, we have the ability to respond to your service needs in a very professional and timely fashion. With our collaboration with international partners and the direct access we have to the international markets including Lloyds of London, our team has been well tailored and educated to provide our clients with the BEST service including Risk Management for the Oil & Gas Industry.

We look forward to providing insurance cover for the under listed classes of business and others. In addition to our insurance products, we offer aggressive claims management and proactive loss control services specifically adapted to the oil and gas industry.

Our Upstream and Downstream portfolio of products covers:

Products covered under this portfolio would include the following:­

  • Oil Rigs and Platforms
  • Pipe Lines
  • Filling Stations
  • Gas Terminals
  • Tank Farms
  • Operators Extra Expenses
  • Cost of Controlling Well Under Fire
  • Cost of Re-drilling
  • Oil Seepage and Pollution (Clean Up Costs and Third Part Liabilities)
  • Marine Vessels – Hull/ Cargo
  • Employee Properties/Welfare Policies
  • Employers  Liability
  • Extra Cover as desired by the Operator

Fire and Allied Perils Policy

Did you know that sections 183 and 184 of the Insurance Act 724, make it compulsory for all private buildings under construction or completed and used for commercial purposes to obtain Fire insurance?

Our Fire and Allied Perils policy has been designed to cover losses or damages to your property resulting from Fire, Explosion [specifically of gas used for domestic purposes] and Lightning. It also covers loss or damage arising from such perils as Impact, [usually by vehicles or animals], riot & strike, bursting or overflowing of water tanks, apparatus or pipes, flood, earthquake, hurricane, tornado, windstorm, cyclone, aircraft or any other aerial device.

Your legal liabilities as owner of the premises in respect of loss of or damage to property, bodily injury or death suffered by third parties are also covered up to a limit of GHC20,000.

Such properties as office equipment, stocks, raw materials, furniture and fittings, plants and other equipment may also be covered.

With the GLICO General Fire and Allied Perils Policy, you would not only become compliant with the legal requirements but have peace of mind; rest assured that your property is secure.

Contact Us Today!