https://completemarkets.com/company/sloanmason/energy-risks---property-builders-risk-and-business-interruption-insurance/
Overview of the Program From Sloan Mason Insurance Services, Inc.
Sloan Mason Insurance offers access to a competitive wholesale program for Energy Risks — providing Property, Builder's Risk and Business Interruption insurance placed with an "A"-rated carrier. The program is designed for complex, high-value energy and process accounts where comprehensive property and income protection is required. As a wholesale broker, Sloan Mason facilitates underwriting access and placement options you can use to complete difficult-to-place energy risks.
Ideal Accounts and Appetite
This program will entertain mid- to large-size accounts across multiple energy and process classes, including:
Oil, gas and petrochemical operations — refiners, petrochemical plants, and gas pipeline risks
Power generation — fossil-fuel, hydroelectric, cogeneration, and alternative energy facilities; municipal water and sewage utilities
Chemical manufacturing and distribution — organic/inorganic chemicals, industrial gases, ethanol production, plastics and resins
Mining operations — coal, iron, copper, potash and similar extractive operations
Process industries — pulp & paper, steel mills, forging operations and similar heavy industrial facilities
Typical fits are fixed-location industrial facilities with significant property values and contingent business interruption exposures. The program is not intended for small retail properties or personal lines risks.
Coverage Highlights and Advantages
Property coverage tailored for complex energy and process exposures, including machinery breakdown where appropriate.
Builder's Risk solutions for large construction and turnaround projects within the energy sector.
Business Interruption and Extra Expense limits and wording designed to address extended outage and contingent supplier exposures common in energy operations.
Placement with an A-rated carrier and access to various treaty or facultative markets through Sloan Mason’s wholesale relationships.
Underwriting that understands manufacturing, refining, pipeline and utility exposures — helps produce competitive terms for technically complex accounts.
Underwriting Notes and Minimum Premium
To obtain a full underwriting review and the best possible quote, provide the following items:
Completed and signed ACORD application
Currently valued loss runs for the last 3 years
Completed statement of property values (Excel format)
Business interruption worksheet (Excel format)
Please view the program data sheet for details: Energy Risks - Property, Builder's Risk and Business Interruption Data Sheet
Minimum premium: $15,000.
Territories and Availability
The program is available through Sloan Mason as a wholesale broker in the following states: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY. Coverage and terms may vary by jurisdiction and by carrier.
Why Work With Sloan Mason on Energy Business?
Sloan Mason Insurance Services, Inc. combines wholesale placement capability with energy-sector underwriting experience. As a wholesale broker you gain:
Direct access to markets that underwrite complex energy property and BI exposures
An underwriting workflow that collects the technical details underwriters expect, helping speed review
Options for builder's risk and project-oriented placements in addition to ongoing property and BI programs
Example Accounts That Fit
A regional gas compression station with multiple lines of pipe and high equipment value seeking property and contingent BI limits during planned outages.
A cogeneration plant under construction requiring builder's risk for the installation phase and business interruption coverage tied to ramp-up operations.
How to Submit
Prepare the requested underwriting package (ACORD, loss runs, Excel property schedule and BI worksheet) and submit through your usual wholesale submission channel. Sloan Mason will coordinate placement efforts with the carrier and provide underwriting feedback to help you complete the placement.
Frequently Asked Questions
What types of energy accounts are a good fit for this program?Mid- to large-size energy and process facilities such as refineries, power plants, pipelines, chemical manufacturers, mining operations and heavy process industries that need robust property, builder's risk and business interruption coverage.
What documents are required for a complete submission?A completed and signed ACORD application, currently valued loss runs for the past three years, a completed statement of property values (Excel) and a business interruption worksheet (Excel). The program data sheet linked above provides additional detail.
Is this available nationwide?The program is available in the states listed above. Terms, capacity and admissibility may vary by state and by carrier.
What is the minimum premium and typical account size?The program minimum premium is $15,000. It is geared toward accounts with significant property values and material business interruption exposure rather than small, low-premium risks.
Need help placing an account? Connect with a market specialist.