For the latest news, updates and advice on COVID-19 click here

Cookies on this site

This site uses cookies to store information on your computer. By using our site you accept the terms of our Privacy Policy

Accept and close
Emergency Number +44 7932 113573

Offshore Risks


Offshore risks – P&I cover under the Standard Offshore Rules (SOR)

This is a standalone P&I cover on a fixed premium basis provided to offshore unit owners and/or operators that are not eligible for pooling any of their liabilities within the IG system: drillships, drilling rigs, FPSOs etc.
SOR cover includes a built-in contractual extension that responds to P&I liabilities assumed under contract (but cargo liabilities and liability for control of well/subsea pollution are excluded).

Offshore Liability Extension (OLE)
This complements the SOR cover as it reinstates P&I cover for some risks excluded under the SOR. It is broad in scope as it can cover: 

  • contractual liability for loss/damage to third-party property on board the entered unit or being used from the unit
  • death, illness or injury of crew whilst they are not working on board the unit 
  • clean-up of pollution from the well caused by negligence and contractual liability for damage caused by pollution from the well
  • clean-up of debris or equipment deposited on the seabed as a result of a casualty.

Offshore P&I War Risks cover responds to P&I liabilities arising that are excluded under the SOR by virtue of the war risks exclusion clause.

Offshore biochemical risks cover responds to P&I liabilities for crew death, injury or illness arising from biochemical risks, which are otherwise excluded under the offshore war risks cover.