Oil & Gas Insurance

Research indicates that global economic turmoil, volatile price swings, and emerging, highly competitive companies will dominate the next 10 years within the oil and gas industry. The industry is likely to see more political challenges and increasing risk of war and conflict. Each of these areas of concern demand a higher level of risk mitigation. Osprey Insurance Brokers can protect your company in these instances.

The oil and gas industry has been ahead of the trend of a global workforce for many years. Many global organisations successfully managed overseas operations even dating to the 1970s. The industry has also experienced a 40% workforce increase between 2007 and 2013, far beyond the growth of most other industries. Factoring in this information, it is clear that today’s oil and gas organisations must provide an ample benefits package to secure the very best employees. Osprey Insurance Brokers works hand-in-hand with you to create just that while keeping affordability top-of-mind. With growing risks within the oil and gas industry, especially in the development of new technologies and innovative solutions to the growing global needs for fuel, you need comprehensive insurance protection. We can provide exactly that for you. As you venture into high-risk countries to pursue new opportunities, you can rest assured we’ve helped you minimise the risks associated with your success.

The oil and gas industry is growing and changing rapidly, and as a result, risk mitigation is become more valuable and critical every day. At Osprey Insurance Brokers, we understand your industry and your concerns. We’ve designed incredibly well-rounded policies, to mitigate virtually every risk present to you, giving you the peace of mind you need to focus on your business’s needs.

Growing Demand, Complex Conditions

Complete Employee Protection Is Critical

Since 1995, Osprey Insurance Brokers has built and maintained a diverse client base by connecting the major players within the international market. We provide unparalleled expertise and attractive benefits for medium-to-large organisations in all classes of insurance including the oil and gas industry. We specialise in high-risk insurance. Osprey Insurance Brokers joined Tangiers International, a market leader in emergency medical assistance and on-the-ground claims services in 2015. Tangier International allows our company to leverage frontier markets and expand our comprehensive services extensively. Our experience and market knowledge enables us to provide a large selection of insurance products uniquely designed for companies and employees within the oil and gas industry. We aid even those clients present in conflict areas and those requiring specialist cover. Osprey Insurance Brokers, headquartered in Malta, is regulated by the Malta Financial Services Authority. We are licensed to provide insurance brokering through the organization.

About Us

Osprey Insurance Brokers aims to support and assist our clients

in achieving their objectives of minimising risk in the most

economical manner through our experience and expertise.

Our Mission

Our Services

Extend your coverage through war and terrorism, additional protections to protect your personnel and assets from political risks, including civil unrest, war, riots, strikes, and acts of terrorism.

WAR AND TERRORISM COVERAGE

PROPERTY AND ENGINEERING ASSET PROTECTION

BUSINESS INTERRUPTION PROTECTION

LIABILITY COVERAGE

Protecting your assets is critical. Our Property and Engineering Asset Coverage ranges from protecting the smallest site equipment to the most significant, permanent infrastructure your business relies on, whether it is leased or owned.

Minimise the costs associated with long-term disruption of your business brought on by various reasons such as inter-alia, political unrest, and natural disasters with a business interruption policy. It aids in supporting property coverage and ensuring funds are available to rebuild any damaged assets as well.

Minimise risks with our liability policies that indemnifies the cost of third-party bodily injury and property damage that results from your operations including coverage for legal costs. Expand coverage to include pollution, contractual indemnity, ancillary aviation and marine liability, umbrella / excess liability, and other specific coverage options.

Designed to meet the ever-increasing needs of a challenging industry, we pro-vide a full spectrum of protection. Our tailor-made solutions fit the custom needs and objectives of our clients in the oil and gas industry. These services include:

DIRECTORS AND OFFICER LIABILITY COVER

Protect your company’s directors, officers, and other board members from legal liability risks in the event they face an alleged wrongful act or other negligence claim.

Stop financial loss to your organization brought on by fraudulent claims due to employee dishonesty or third-party fraud including risks associated with employee theft, expense report fraud, forgery, fund transfer fraud, and identity theft.

CRIME INSURANCE PROTECTION

HEALTH POLICIES

PROFESSIONAL LIABILITY COVER (ERRORS AND OMISSIONS, E&O COVERAGE)

Invest in your people with a health policy for any internationally stationed group including those in areas of conflict and war zones. Choose the benefits right for your needs with deductible amount options, policy limits, and coverage electives. Each policy offers the option of Acts of War and terrorism, medical evacuation, and repatriation.

Reduce the risks associated with liability losses arising out of an errors or omissions claim against your organization. These include claims associated with designing, implementing, and producing of energy facilities.

MEDICAL EVALUATION COVER

Protect your company’s directors, officers, and other board members from legal liability risks in the event they face an alleged wrongful act or other negligence claim.

Stop financial loss to your organization brought on by fraudulent claims due to employee dishonesty or third-party fraud including risks associated with employee theft, expense report fraud, forgery, fund transfer fraud, and identity theft.

CRIME INSURANCE PROTECTION

HEALTH POLICIES

MEDICAL EVALUATION COVER

PROFESSIONAL LIABILITY COVER (ERRORS AND OMISSIONS, E&O COVERAGE)

Invest in your people with a health policy for any internationally stationed group including those in areas of conflict and war zones. Choose the benefits right for your needs with deductible amount options, policy limits, and coverage electives. Each policy offers the option of Acts of War and terrorism, medical evacuation, and repatriation.

Know your team is protected with coverage and assistance in events of necessary transportation due to a medical emergency. This coverage aids in providing evacuation to the nearest medical facility or home. Extend this coverage further to include political evacuation and repatriation of remains in cases of death on duty.

Reduce the risks associated with liability losses arising out of an errors or omissions claim against your organization. These include claims associated with designing, implementing, and producing of energy facilities.

In the event of an accident, know that financial compensation is available. This policy can include duty or 24/7 coverage for death or bodily injury to the insured individual, temporary or total disability, evacuation and/or repatriation of remains to the home country.

PERSONAL ACCIDENT COVER

EMPLOYEE COVERAGE

KIDNAP AND RANSOM COVER

LIFE COVER

Beyond our extensive line of policy options listed above, we also source insurance coverage such as employer’s liability, workers’ compensation, foreign voluntary coverage, loss of license cover, salary continuation protection, and other coverage for both local and global employee deployment.

Gain comprehensive support with this policy which, in the event of a kidnapping, provides financial assistance for ransom demands or deployment of crisis response teams to manage the abduction. It also protects against legal liabilities stemming from the incident. Osprey Insurance Brokers also offers crisis assistance programs which provide assistance only cover.

Keep your employees’ families safe with worldwide life cover available even for war zones. This policy protects beneficiaries against future financial burdens should a loss occur. Coverage amounts are proportionate to the employee’s annual salary with add-on benefits available based on individual or contractual needs.

TAILORED INSURANCE SUPPORT Osprey Insurance Brokers work with our clients to develop the best solutions for their individual insurance requirements. Our analysis and research is part of our tailored package of support we provide to you. This provides personalized service and attention to each of our clients.

CONTRACT RISK MANAGEMENT We advise clients on insurance clauses and requirements comprehensively. We also assist with the initial stages of drafting and negotiating insurance and indemnity clauses within business contracts. This is essential for our clients in running smooth and risk mitigation of all oil and gas organizations. This service extends to the marine and aviation markets.

ALTERNATIVE RISK PLACING METHODS Osprey Insurance Brokers provides all-inclusive risk management and advisory services on self-insurance options including on the feasibility of setting up risk retention vehicles including captive insurance companies and cells to cater for both insurance and re-insurance.

EMERGENCY MEDICAL ASSISTANCE AND CLAIMS SERVICES When in need, our customers rely on Tangiers International worldwide emergency medical assistance. Aptly named, Tangiers International operates in over 50 countries, speaking 52 languages and managing over 40,000 global medical service providers.

TRAVEL SERVICES By accessing related companies within the group, our service to clients begins before they leave home. OBS Advisory is an online platform that offers real-time updates in conflict zones, security information, and detailed analysis of global hotspots and Tangiers’ field personnel support.

You’re on the Ground,So Are We.

Headquarters 54 Melita StreetValletta VLT 1122Malta Contact us: info@ospreybrokers.com Tel. +356 2778 1197 www.ospreybrokers.com

The company (Reg.: C19103) is licensed to carry on the business of insurance broking and is regulated by the Malta Financial Services Authority