High Risk and Non-Standard Cover
SERVICES
Oil and Gas
Full Range of Upstream and Downstream Coverages
During exploration phase:
• Cost of well control, re-drill, clean up costs up to an agreed limit.
• Third Party Liability including pollution liability excess of above
• Equipment in transit/storage
During field development phase – Construction All Risks Insurance (“CAR”) covering:
• All risks of physical loss or damage to project works during project period
• Third party liability
During production phase (including development drilling) Operational Insurance Package (“OIP”) covering:
• All risks of physical loss or damage to insured assets
• Cost of well control, re-drill, clean up costs
• Third Party Liability including pollution liability
• Equipment in transit/storage
• Business Interruption/Loss of Production Income
Workmen’s Compensation Insurance
Construction and Power Generation
Gate Insurance Group provides coverage for some of the best known landmark construction projects and provides a complete range of construction coverages including:
Contractors All Risks (“CAR”
Erectors All Risks (“EAR”)
Cargo
Delay In Start Up (“DSU”)
Physical Damage
War & Terrorism
Decennial Liability
Personal Accident, Life and Medical
One of the staples of insurance and we therefore offer a comprehensive range of specialist insurances for everyone from individuals coming to Iraq for the first time to established companies with hundreds of staff in the country. Trusted by over 5,000 insurers to look after them, our products to protect individuals include:
Accidental Death and Injury
War & Terrorism
Medical Expenses
Medical Evacuation
High limits for senior executives
Kidnap & Ransom
Life insurance
Defense Bases Act (“DBA”)
Political Risk and Investment Insurance
Whether you are an equity investor, a financial institution, delivering a project or an importer Political Risk Insurance (“PRI”) remains a major consideration. While trade related cover is still very challenging to deliver Gate Insurance Group is able to offer a range of asset related cover:
Confiscation of fixed or mobile assets including deprivation, nationalisation, creeping, expropriation, selective discrimination, forced abandonment and forced divestiture
Political violence – war on land and terrorism
Inability to convert or transfer currency
Specialist coverages such as aircraft confiscation and repossession
Aviation
For airlines
Hull All Risks
Breach of Warranty
War Risks
Comprehensive Legal Liability
Total Loss Only
Ground Risks Only
Aircraft repossession
For airports
Legal liability to passengers and airline customers
All physical damage exposures to plant, building and equipment
Consequential loss resulting from airport closure
Airside Liability
War Risks
Cargo
We offer highly competitive rates for the import of goods on a range of bases including:
Hazardous or “difficult” cargo
High value cargo
Draw down facilities for major projects
Origin to Destination
Iraq Only
War & Terrorism
With and without security