Energy Industry Practice Group
You power the world we live in, and we provide the solutions you need to protect your operations, infrastructure, and investments for continued growth. With the energy industry in a state of continuous flux, our experts have the technical acumen to deliver customized, adaptive risk management programs for all energy projects. Backed by the risk management resources of a public company and an independence that fosters depth and breadth in our insurance company relationships, globally, we’ll remain nimble as we work to find solutions for your business, wherever your opportunities might take you.
FEATURED INSIGHTS
Refined expertise that propels success
From renewable energy projects to oil and gas operations, all corners of the energy industry are shaped by specific and distinct complexities, risks, and opportunities. With experts embedded in all areas of the energy industry, we’re here to provide practical insights about how insurance and risk mitigation can bolster your operational strength for longevity.
STATE OF THE MARKET
What’s in store for the 2024 renewable energy market?
OIL & GAS INSIGHT
Drill into the 2024 oil & gas state of the market
CULTIVATED KNOWLEDGE
Dedicated team with 100+ years of energy experience
COLLABORATIVE PARTNERSHIP
Redefining the advisory experience
An impactful partner acts like an extension of your team and provides more than just transactional support. Together with you, our energy experts will do a deep dive into your risk topography, discover your priorities, define risk strategies, and help you navigate the insurance process, for every stage of your projects. With an expansive team of professionals who have decades of industry experience, we’ll bring you the tools and solutions to help protect your investments, assets, and future.
FUNDAMENTAL SOLUTIONS
Customized to deliver powerful outcomes
You’re at the front lines of meeting global energy demands. And we deliver an extensive suite of insurance and risk management services that help safeguard your business by aiming to protect your employees and assets.
Renewal
Strategy
Obtain the best outcomes from the insurance market by understanding trends and knowing how to respond. Together, we’ll establish expectations, timelines, and narratives that help achieve optimal underwriting outcomes.
Loss Prevention Consulting
Combining our knowledge of the risks you face, an understanding of your specific project challenges, and your corporate expectations enables us to deliver safety management solutions that help protect your people and operations.
Claims
Management
Our unwavering advocacy and ongoing consultation, paired with our tailored claims management procedures, serve as the blueprint for managing our clients’ claims to help protect their bottom line.
RENEWED APPROACH
Shaping risk management for the energy sector
Every energy client is different. This is why our risk management approach is one to one – providing solutions customized for your exact needs. We explore your business from all angles, leveraging our proprietary RiskMap process to identify your exposures, and offer practical steps and processes to protect your business. As your partner, we’ll provide ongoing support and continually create solutions that keep pace with your vulnerabilities, no matter how complex.
Renewable Energy
The renewable energy industry has been on a growth trajectory year over year, with policy incentives and public attitudes fueling opportunities for expansion and discovery. Weaving insurance and risk management into every step of a project’s lifecycle helps ensure that you’re able to capitalize on this momentum – from the time you initiate conversations with investors, to when you break ground, and when you’re finally operating.
We’ll use our experience and technical knowledge to support you and help navigate the complex environment you operate in, every step of the way. Our energy group works to build customized, adaptive risk management programs, that help protect your investments and set a foundation for growth.
· Solar
· Battery storage
· Wind
· Electric
Oil & Gas
Though global leaders demonstrate growing interest in the energy transition, the oil and gas industry is still the lifeblood of our global economy. From an insurance and risk management perspective, the oil and gas industry is complex and supported by an intricate overlay of insurance products. As the oil and gas sector faces fundamental changes, you’ll want to protect your operations, investments, and assets with the proper insurance coverage, loss prevention controls, and risk management strategies.
Our dedicated oil and specialists have the experience to help upstream, midstream, and downstream companies cultivate solutions to help mitigate challenges and bolster operational strength.
Upstream
· Drilling contractors
· Servicing contractors
· Well owners and operators
· Well non-operators
· Exploration and production companies
· Energy construction companies
· Financial and private equity firms investing in upstream assets
Midstream
· Oilfield property owners
· Pipeline owners/contractors/operators
· Tank farm and terminal owner/operators
· Gas processing facility/compression facility owners and operators
· LNG facility owners and operators
· Hydrocarbon storage facility owner/operators
· Coal gasification facility owner/operators
Downstream
· Refinery owner/operators
· Refinery servicing companies
· Petrochemical facility owner/operators
· Chemical refinery owner/operators
· Plastics refinery owner/operators
· Biofuel facility owner/operators
· Transport companies (finished products)
· LNG facility owners and operators
Power & Utility
Across the world, the demand for energy is growing, but the type of energy the world demands vastly differs from the energy we relied on fifty years ago. Globally, governments, communities, and organizations are transitioning to clean energy sources in a push to reduce carbon emissions. Rapid transformations in technology continuously shape the power and utility space, and building sustainable insurance and risk management programs can help you remain competitive.
You can rely on our expert guidance and solutions to help your company meet the demands of a rapidly transforming industry – helping you achieve operational and financial success.
Original Equipment Manufacturer
· Engineering, procurement, and construction
· Independent power producer
· Investor-owned utility
· Public power utility
· Operations and maintenance
· Developers, owners, and operators
PROGRESSIVE SERVICES
Capabilities that deliver tangible results
Your dedicated energy team will work to provide you stability in the fast-paced environment in which you operate, delivering risk mitigation expertise and offering solutions you can count on, regardless of scale. We prioritize our clients’ best interests and collaborate to deliver best-in-class results.
Captives
OSHA compliance
Workplace safety
Contract review
COVERAGE SNAPSHOT
Products designed to perform
- Property
- Parametric insurance
- Business interruption
- Machinery/equipment breakdown
- Builders’ risk
- Workers’ compensation
- Commercial general liability
- Terminal operators’ legal liability
- Commercial auto liability
- Cyber liability
- Inland and ocean marine
- Delay in start-up
- Management liability
- Umbrella and excess liability
- International and political risk
- Terrorism coverage
THE BALDWIN GROUP INSIGHTS
Stay in the know
Our experts monitor your industry and global events to provide meaningful insights and help break down what you need to know, potential impacts, and how you should respond.
Power up the possibilities
When you decide to partner with us, you choose to protect your business and open the door to new ventures and opportunities.