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Insurance for Decommissioning end of Life Offshore Assets

Hiscox offers comprehensive third-party liability coverage for the decommissioning and removal of offshore assets, whether subsea or over-the-water. This cover is aimed at operators and other interests and enables them to remove end-of-life assets that could otherwise be environmentally damaging.

Start - End Date: Ongoing
Country/Region: Global
Realm: Marine

Project details

Spatial Scale

Local

Insurance Trigger Types

Indemnity

Insured Risks

Liability and Policy Risk

Insurance Scheme Targets

Private - Real Economy

Insurance Scheme Developer Types

Private

Insurance Product Types

Insurance to remediate negative impacts on nature by prior or insured activities

Partners

Lloyd's, Hiscox

Referred by

UNEP FI

Sources

Hiscox – Third-party liability: decommissioning