Energy and Renewables Insurance

Claims are initially reported by email with a follow up phone call. Formal notification is then placed via Electronic Claim File (ECF2).

LOPI stands for Loss of Production Income. It is a type of insurance to cover loss of production following an unexpected interruption due to an insured event under the policy. LOPI would recover the fixed unit price at the agreed volumes for the insured period subject to a waiting period, which can vary in length. There could also be cover for increased cost of working and control of well costs.

Travelers would consider instruction of counsel in matters where there are coverage concerns and/or litigation has been commenced against the insured or another covered entity. These decisions will be made on per-case basis.

The Travelers dedicated Subrogation Team can assist with your recovery requirements. Although some documentation and additional evidence may be required from the insured, the Subrogation Team will work with the relevant Claims Professional to manage recoveries against any responsible third parties, which may include utilisation of external experts. Travelers will ensure that the best result is achieved.

For approved claim payments made via the Lloyd’s of London bureau, payments will be made direct from insurers to London brokers through DXC, with the payment process taking approximately three working days. Any approved non-bureau claim payments would be made direct from Travelers to either the local broker or end customer via wire transfer and can be made the same day. For lead business, your designated CRM team member can discuss the process.