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Practice Group


Energy

The Energy sector encompasses a broad spectrum of industry niches – from oil and gas operators and petrochemical operations to alternative and renewable energy companies at the forefront of the sector’s transformative innovation and breakthrough technologies. RPS, one of the largest MGA/Underwriting Manager/Wholesalers in the country, partners with top-tier providers to provide custom solutions for this high-value, high-risk, and rapidly expanding space. Our depth and scope of knowledge combined with our experience and coast-to-coast network of brokers gives you the power to secure seamless and nimble coverage solutions that address the increasingly complex and interrelated risks in the Energy industry.

Evaluating Exposures, Analyzing Coverages

We will support you and your clients with a full risk assessment of your client operations designed to pinpoint exposures, uncover any gaps that may exist, and evaluate where any improvements can be made not only to their insurance program but also in safety, compliance, and other issues critical to their bottom line. This includes addressing increased environmental risk exposures due to greater regulation and third-party costs, reviewing an operation’s business continuity plan and the effectiveness of its business income coverage in the event of major damage to an insured’s facility or disruption in the supply chain, and reviewing how exposure to utility service interruptions is handled. We’ll also help you assess the level of physical damage exposure that exists due to increased production/ processing volumes, more sophisticated technology, larger scale equipment, and bigger vessels that operate in more extreme environments. Our staff will also look at how technology changes are impacting your client exposures, and the impact of emerging risks such as fracking.

With RPS as your partner, we will assist in improving your insured’s risk profile so that your clients continue to focus on their core competencies.

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Please feel free to get in touch with us any time regarding our products and services.  We love to receive feedback from our customers.

Knowledge Center

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Oil & Gas Production Operations: Preparing for Hurricane Season

The National Oceanic and Atmospheric Administration (NOAA) is predicting a rough season in the Atlantic this year, with 11 to 17 tropical storms, of w…

Report: The Energy Industry’s Vulnerability to Cyber Attacks

Recently, U.S. security officials and private cyber security researchers noted that computer hacking is on the rise at energy companies; perhaps, much…

The Need for Energy Companies to Mitigate Outsourcing Risks

The film “Deepwater Horizon” recently hit movie theaters, bringing to life the tragic event that killed 11 and injured 17 crewmembers and spilled more…

RPS Navigator - Fall 2016

In this issue:

  • The Concussion Liability Crisis: How to Protect Your Clients in Tough Times by Lori Windolf Crispo, CPCU
  • The Evolving Energy Market…

Effective Business Continuity Plans for Power and Utility Companies

Power and utility companies as part of their risk management program should have a rigorous business continuity and disaster recovery plan in place, i…

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